Paragraph 71 Calculation of tariff income from capital: pensioners
England, Wales and Scotland
The capital of an applicant who is a pensioner, calculated in accordance with this Partf1, is to be treated as if it were a weekly incomef2 of—
(a)
£1 for each £500 in excess of £10,000 but not exceeding £16,000; and
(b)
£1 for any excess which is not a complete £500.
Annotations
Footnotes
- f1
See Chapters 1 and 7 of Part 10 in particular, and the capital to be disregarded in accordance with Schedule 9.
- f2
Income from capital is taken into account in calculating the income of an applicant who is a pensioner; see paragraph 39(1)(i).