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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Calculation of tariff income from capital: pensioners
This section has no associated Explanatory Memorandum
71. The capital of an applicant who is a pensioner, calculated in accordance with this Part(), is to be treated as if it were a weekly income() 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.
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