SCHEDULE 1Sums to be disregarded in the calculation of income
PART 1Sums to be disregarded
I140
1
Where A is in receipt of savings credit as a person who has no partner and has qualifying income not exceeding the standard minimum guarantee—
a
the amount of that savings credit where the amount received is £5.75 or less; or
b
£5.75 of that savings credit where the amount received is greater than £5.75.
2
Where A—
a
has no partner;
b
has attained the age of 65; and
c
has qualifying income in excess of the standard minimum guarantee,
a sum of £5.75.
3
Where A is in receipt of savings credit as a person who has a partner and has qualifying income not exceeding the standard minimum guarantee—
a
the amount of that savings credit where the amount received is £8.60 or less; or
b
£8.60 of that savings credit where the amount received is greater than £8.60.
4
Subject to sub-paragraph (5), where A—
a
has a partner;
b
has—
i
attained the age of 65; or
ii
has attained pension credit age and A’s partner has attained the age of 65; and
c
has qualifying income in excess of the standard minimum guarantee,
a sum of £8.60.
5
Where—
a
the sum referred to in sub-paragraph (4) has been disregarded in the assessment of A’s partner’s income under these Regulations; or
b
A’s partner is in receipt of savings credit,
sub-paragraph (4) does not apply to A.
6
For the purposes of this paragraph—
a
A has a partner if A would be considered to have a partner for the purposes of the Pension Credit Regulations;
b
“qualifying income” (“incwm cymhwyso”) is to be construed in accordance with regulation 9 of the Pension Credit Regulations and for the purposes of sub-paragraphs (3) and (4) the person’s qualifying income includes any qualifying income of the A’s partner;
c
“standard minimum guarantee” (“gwarant isafswm safonol”) means, for the purposes of—
i
sub-paragraphs (1) and (2), the amount prescribed by regulation 6(1)(b) of the Pension Credit Regulations; and
ii
sub-paragraphs (3) and (4), the amount prescribed by regulation 6(1)(a) of the Pension Credit Regulations.