Regulation 35 Calculation of tariff income from capitalI1
England, Wales and Scotland
(1)
Where the claimant’s capital calculated in accordance with this Part exceeds £3000 it shall be treated as equivalent to a weekly tariff income of £1 for each complete £250 in excess of £3000 but not exceeding F1£16,000.
(2)
Notwithstanding paragraph (1) where any part of the excess is not a complete £250 that part shall be treated as equivalent to a weekly tariff income of £1.
(3)
For the purposes of paragraph (1), capital includes any income treated as capital under regulation 30 (income treated as capital).
Annotations
Textual amendments
- F1
Sum in Reg. 35(1) substituted (1.4.1990) by The Community Charge Benefits (General) Amendment No. 2 Regulations 1990 (S.I. 1990/835), regs. 1(1), 2