Paragraph 37 Calculation of tariff income from capitalI1
England and Wales
The capital of an applicant, 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
Commencement
- I1
Sch. 1 para. 37 in force at 27.11.2012, see reg. 1(1)
Footnotes
- f1
-
See chapters 1 and 3 of this Part and the capital to be disregarded in accordance with Schedule 6.
- f2
-
Income from capital is taken into account in calculating income: see paragraph 16(1)(i).