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The Social Security (Deemed Income from Capital) Regulations 2009
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- UK Statutory Instruments
- 2009 No. 1676
- Regulation 5
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Amendment of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006
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5.—(1) Regulation 29 (meaning of “income”) is amended in accordance with this regulation.
(2) For paragraph (2) substitute—
“(2) For the purposes of these Regulations and subject to regulation 44(2) (capital to be disregarded), a claimant’s capital shall be treated as if it were a weekly income of—
(a)£1 for each £500 in excess of £10,000; and
(b)£1 for any excess which is not a complete £500.”.
(3) Omit paragraphs (6) and (7).
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