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.