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Notional capital

If it is decided that a person has deprived themself of capital to gain entitlement, they will be treated as having 'notional capital'.

 

Where a person is treated as having capital but still has Universal Credit entitlement, the amount of notional capital reduces for each subsequent assessment period by the amount of assumed yield from generated from that capital (£4.35 for each £250 over £6,000).

Where a person is treated as having capital over £16,000 and therefore has no entitlement to Universal Credit, the amount of notional capital will reduce by the amount of Universal Credit they would be entitled to per month, if it were not for the notional capital. They would then be able to claim once their notional capital is below £16,000.