Point in time view as at 11/04/2016.
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The State Pension Credit Regulations 2002. Any changes that have already been made by the team appear in the content and are referenced with annotations.
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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