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.