6. For regulation 21(1) (notional capital), there shall be substituted the following paragraph—E+W+S
“(1) A claimant shall be treated as possessing capital of which he has deprived himself for the purpose of securing entitlement to state pension credit or increasing the amount of that benefit except to the extent that the capital which he is treated as possessing is reduced in accordance with regulation 22 (diminishing notional capital rule).”.
Commencement Information
I1Sch. para. 6 in force at 6.10.2003, see reg. 1(1)(b)