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Regulation 36 Calculation of tariff income from capital

United Kingdom

(1)

Where the claimant's capital calculated in accordance with this Chapter exceeds £3,000, it shall be treated as equivalent to a weekly income of £1 for each complete £250 in excess of £3,000 but not exceeding F1£8,000.

(2)

Notwithstanding paragraph (1), where any part of the excess is not a complete £250 that part shall be treated as equivalent to a weekly income of £1.

(3)

For the purposes of paragraph (1), capital includes any income treated as capital under regulation 31 (income treated as capital).

Annotations

Textual amendments

F1

Word in reg. 36(1) substituted (9.4.1990) by Income-Related Benefits (Miscellaneous Amendments) Regulations 1990 (S.I. 1990/671), reg. 1(1), 3(2)