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The State Pension Credit Regulations 2002

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Changes over time for: Section 20

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Point in time view as at 07/04/2008.

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There are currently no known outstanding effects for the The State Pension Credit Regulations 2002, Section 20. Help about Changes to Legislation

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.

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