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The Council Tax Reduction Schemes (Default Scheme) (England) Regulations 2012
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Calculation of tariff income from capital: pensioners
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71. The capital of an applicant who is a pensioner, calculated in accordance with this Part(1), is to be treated as if it were a weekly income(2) of—
(a)£1 for each £500 in excess of £10,000 but not exceeding £16,000; and
(b)£1 for any excess which is not a complete £500.
(1)
See Chapters 1 and 7 of Part 10 in particular, and the capital to be disregarded in accordance with Schedule 9.
(2)
Income from capital is taken into account in calculating the income of an applicant who is a pensioner; see paragraph 39(1)(i).
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