PART 2DETERMINATIONS IN RESPECT OF AN INDIVIDUAL'S FINANCIAL RESOURCES
CHAPTER 5CALCULATION OF CAPITAL – REPRESENTATION (HIGHER COURTS)
Additional disregard where client or person concerned is of pensionable age50
1
In calculating the disposable capital of the person concerned, where—
a
the client or any other person concerned has attained pensionable age; and
b
the total annual disposable income (excluding any net income derived from capital) of the client and any other person concerned is less than £3,355,
the amount of capital shown in the following table shall be disregarded—
Annual disposable income (excluding net income derived from capital) | Amount of capital disregarded |
|---|---|
Up to £370 | £35,000 |
£371 – £670 | £30,000 |
£671 – £970 | £25,000 |
£971 – £1,270 | £20,000 |
£1,271 – £1,570 | £15,000 |
£1,571 – £1,870 | £10,000 |
£1,871 and above | £5,000 |
2
In this regulation, “pensionable age” means the age of 60.