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Status:
Point in time view as at 11/04/2016.
Changes to legislation:
There are currently no known outstanding effects for the The State Pension Credit Regulations 2002, Section 20.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Calculation of capital outside the United Kingdom
20. Capital which a claimant possesses in a country outside the United Kingdom shall be calculated—
(a)in a case where there is no prohibition in that country against the transfer to the United Kingdom of an amount equal to its current market or surrender value in that country, at that value;
(b)in a case where there is such a prohibition, at the price which it would realise if sold in the United Kingdom to a willing buyer,
less, where there would be expenses attributable to sale, 10 per cent., and the amount of any encumbrance secured on it.
Yn ôl i’r brig