# The Council Tax Reduction Schemes (Default Scheme) (England) Regulations 2012, Paragraph 71: Calculation of tariff income from capital: pensioners

Extent: E+W+S

The capital of an applicant who is a pensioner, calculated in accordance with this Part, is to be treated as if it were a weekly income 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.

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Source: https://www.legislation.gov.uk/uksi/2012/2886/schedule/paragraph/71 (the official version)
Page: https://openlegislation.uk/council-tax-reduction-schemes-default-scheme-england-regulations-2012/schedule/paragraph-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.