Regulation 35 Calculation of capital
(1)
Where eligibility is being assessed under regulation 5(6), the person concerned is of pensionable age and his annual disposable income (excluding any net income derived from capital) is less than the figure prescribed in regulation 38(2)(a), the amount of capital shown in the following table shall be disregarded:
| annual disposable income (excluding net income derived from capital) | amount of capital disregard |
|---|---|
| up to £370 | £35,000 |
| £371–670 | £30,000 |
| £671–970 | £25,000 |
| £971–1,270 | £20,000 |
| £1,271–1,570 | £15,000 |
| £1,571–1,870 | £10,000 |
| £1,871 and above | £ 5,000 |
(2)
In paragraph (1) “pensionable age” means the age of 60.