text_body: --- DIVISION TITLE ---
  
  Welfare Reform Bill - Clause 5 - Exclusion of Up to Fifty Thousand Pounds in an ISA from Capital Used to Determine Universal Credit Eligibility
  
  --- MOTION EFFECT ---
  
  
  
  
  @ MP voted aye to exclude up to fifty thousand pounds in an ISA from the assessment of capital used to determine if someone in work is eligible for Universal Credit.
  @ MP voted no against a proposal to exclude up to fifty thousand pounds in an ISA from the assessment of capital used to determine if someone in work is eligible for Universal Credit. 
  
  The majority of MPs voted against a proposal to exclude up to Â£50,000 contained within an Individual Savings Account (ISA) from the assessment of someoneâs capital used to determine eligibility for Universal Credit for a person who is in work. 
  
  The capital limit, above which there would be no eligibility for Employment and Support Allowance, was subsequently set in regulations at Â£16,000[1]; with no exemption for any funds held in an ISA. 
  
  The motion voted on, listed as number 23,  was to amend the financial conditions for receiving Universal Credit it stated[2]:
  :page 3, line 7, after âitâ, insert
  :âexcluding any amount in an Individual Savings Account, up to a prescribed maximum of no less than Â£50,000, where the claimant is in workâ.
  
  Prior to the amendment clause 5 stated[3]:
  :5 Financial conditions
  :(1)For the purposes of section 3, the financial conditions for a single claimant are  thatâ 
  :(a)the claimantâs capital, or a prescribed part of it, is not greater than a  prescribed amount, and
  :(b) the claimantâs income is such that, if the claimant were entitled to universal credit, the amount payable would not be less than any  prescribed minimum.
  
  ==
  
  * [1] [http://www.legislation.gov.uk/ukdsi/2013/9780111531938/regulation/18 Regulation 18 of the Universal Credit Regulations 2013]
  * [2] [http://www.theyworkforyou.com/debates/?id=2011-06-13b.581.0#g581.1 Official Record, House of Commons, 13 June 2011] 
  * [3] [http://www.publications.parliament.uk/pa/bills/cbill/2010-2012/0197/cbill_2010-20120197_en_2.htm Webpage containing p3 of the Welfare Reform Bill which the amendment would have acted on] 
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  