03.03 – Liquid assets

Liquid assets represent a RESOURCE that is SUBTRACTED, subject to certain exceptions, from the adult-benefit and adjustments applicable to an adult or a family, and that reduces the benefit.

This subject covers:

• basic concepts (refer to 3.3.1);

• various exclusions applicable to liquid assets (refer to 3.3.2);

• principal savings instruments (refer to 3.3.8);

• liquid assets abroad (refer to 3.3.9);

• amounts used contrary to rules (refer to 3.3.10);

• squandering of liquid assets (refer to 3.3.11 and 3.3.12);

• liquid assets to be considered in calculation of assistance (refer to 3.3.13).