- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
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.
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 |
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: