Welfare Reform Bill — Clause 5 — Exclusion of Up to Fifty Thousand Pounds in an ISA from Capital Used to Determine Universal Credit Eligibility — 13 Jun 2011 at 20:20
George Osborne MP, Tatton did not vote.
The majority of MPs voted against a proposal to exclude up to £50,000 contained within an Individual Savings Account (ISA) from the assessment of someone’s 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 £16,000; 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:
- page 3, line 7, after ‘it’, insert
- ‘excluding any amount in an Individual Savings Account, up to a prescribed maximum of no less than £50,000, where the claimant is in work’.
Prior to the amendment clause 5 stated:
- 5 Financial conditions
- (1)For the purposes of section 3, the financial conditions for a single claimant are that—
- (a)the claimant’s capital, or a prescribed part of it, is not greater than a prescribed amount, and
- (b) the claimant’s income is such that, if the claimant were entitled to universal credit, the amount payable would not be less than any prescribed minimum.
-  Regulation 18 of the Universal Credit Regulations 2013
-  Official Record, House of Commons, 13 June 2011
-  Webpage containing p3 of the Welfare Reform Bill which the amendment would have acted on
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||251 (+1 tell)||0||0||82.4%|
|Lab||0||203 (+2 tell)||0||79.8%|
|LDem||48 (+1 tell)||0||0||86.0%|