Disregards for individuals aged 60 or over
This section has no associated Explanatory Memorandum
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 |