15.—(1) Where the person concerned is of pensionable age and his or her annual disposable income (excluding any net income derived from capital) is less than the figure prescribed in section 28K(2)(a) of the Act there is disregarded the amount of capital as specified in the following table—
Annual disposable income (excluding net income derived from capital | Amount of capital disregarded |
|---|---|
| Up to £350 | £35,000 |
| £351–£800 | £30,000 |
| £801–£1,200 | £25,000 |
| £1,201–£1,600 | £20,000 |
| £1,601–£2,050 | £15,000 |
| £2,051–£2,450 | £10,000 |
| £2,451 and above | £5,000 |
(2) In this Schedule “pensionable age” means the age of 60.