http://www.legislation.gov.uk/uksi/2002/1792/schedule/V/paragraph/11/2016-07-28The State Pension Credit Regulations 2002texttext/xmlenStatute Law DatabaseSOCIAL SECURITY2024-10-31Expert Participation2016-07-28The Regulations contained in this Instrument are made either by virtue of, or in consequence of, provisions in the State Pension Credit Act 2002 (c.16) (“the 2002 Act”). This Instrument is made before the expiry of the period of 6 months beginning with the coming into force of those provisions; the regulations in it are therefore exempt in accordance with section 173(5) of the Social Security Administration Act 1992 from the requirement in section 172(2) of that Act to refer proposals to make Regulations to the Social Security Advisory Committee and are made without reference to that Committee.The State Pension Credit Regulations 2002SCHEDULE V INCOME FROM CAPITALPART ICapital disregarded for the purpose of calculating income11.

The value of any funeral plan contract; and for this purpose, “funeral plan contract” means a contract under which—

(a)

the claimant makes one or more payments to another person (“the provider”);

(b)

the provider undertakes to provide, or secure the provision of, a funeral in the United Kingdom for the claimant on his death; and

(c)

the sole purpose of the plan is to provide or secure the provision of a funeral for the claimant on his death.

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