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PART 2 E+WDeterminations in respect of an individual's financial resources

CHAPTER 4E+WCalculation of capital

Disregards for individuals aged 60 or overE+W

41.—(1) Where—

(a)the individual is aged 60 or over; and

(b)the monthly disposable income (excluding any net income derived from capital) of the individual is less than the first figure prescribed in regulation 44(2)(b) (£315),

the amount of capital shown in Table 1 must be disregarded.

(2) For the purposes of paragraph (1)(b), an individual who is properly in receipt, directly or indirectly, of a benefit listed in regulation 6(2) or (3) is deemed to have a monthly disposable income of nil.

Table 1
Monthly disposable income (excluding net income derived from capital)Amount of capital disregard
Up to £25£100,000
£26-50£90,000
£51-75£80,000
£76-100£70,000
£101-125£60,000
£126-150£50,000
£151-175£40,000
£176-200£30,000
£201-225£20,000
£226-315£10,000