PART 2Determinations in respect of an individual's financial resources

CHAPTER 4Calculation of capital

Disregards for individuals aged 60 or over41

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