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Paragraph 3 Disposable capital testI1

United Kingdom

A party satisfies the disposable capital test—

(a)

if they or their partner are aged 66 or over and the party’s disposal capital is less than £16,000;

(b)

in any other case, if the fee payable by the party is—

(i)

£1,420 or less and the party’s disposable capital is less than £4,250;

(ii)

more than £1,420, but less than or equal to £5,000 and the party’s disposable capital is less than three times the amount of the fee payable;

(iii)

more than £5,000 and the party’s disposable capital is less than £16,000.

Annotations

Commencement

I1

Sch. 2 para. 3 in force at 1.4.2024, see art. 1(1)