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Regulation 15 Regulation 40

Original text. Later amendments are not shown.

In regulation 40 (determination of tariff income from capital)—

(a)

for paragraph (1) substitute—

“(1)

Where the relevant person’s capital determined in accordance with this Chapter and Chapters 4 to 8 exceeds £6000 it shall be treated as equivalent to a weekly tariff income of—

(a)

where the relevant person is aged under 60, £1 for each complete £250 in excess of £6000; and

(b)

where the relevant person is aged 60 or over, £1 for each complete £500 in excess of £6000.”;

(b)

in paragraph (2), after “£250” insert “ or £500, as the case may be”.