SCHEDULE V INCOME FROM CAPITAL
PART ICapital disregarded for the purpose of calculating income
11.
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.