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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”.