Paragraph 68 Calculation of tariff income from capital: pensioners
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 incomef1 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
Income from capital is taken into account in calculating the income of an applicant who is a pensioner, see paragraph 36(1)(i).
Notes on Schedule
Commencement
- I1
Sch. in force at 28.11.2013, see reg. 1(2)