Deprivation of income
Our definition for deprivation of income.
Deprivation of income is where you are or were able to generate income but your actions have either directly, or indirectly, prevented you from doing so.
If you, your partner or your parent has directly or indirectly deprived themselves of income, your payments may be reassessed to take the deprived income into account.
Examples of deprivation
- Financial circumstances are re-arranged to reduce income.
- A significant interest free loan is made.
- A gift of cash or property is made that could otherwise have been used to generate income.
- Money is invested in Bonus Bonds instead of an interest-bearing account or term deposit.
- A rental property is owned but no rent is collected.