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The State Pension Credit Pilot Scheme Regulations 2010
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The State Pension Credit Pilot Scheme Regulations 2010 No. 1925
Estimation of capital and income from capital
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28.—(1) A beneficiary’s capital shall be deemed to yield a weekly income of—
(a)£1 for each £500 in excess of £10,000; and
(b)£1 for any excess thereafter which is not a complete £500.
(2) Any actual income from capital is to be disregarded in the estimation of a beneficiary’s income.
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