Paragraph 5 Disposable capital: non-monetary savings and investmentsI1
United Kingdom
The value of any savings and investments that do not consist of money is calculated as the amount which the savings and investments would realise if sold, less—
(a)
10% of the sale value; and
(b)
the amount of any borrowing secured against the savings and investments that would be repayable on sale.
Annotations
Commencement
- I1
Sch. 2 para. 5 in force at 1.4.2024, see art. 1(1)