50.—(1) In calculating the disposable capital of the person concerned, where—
(a)the client or any other person concerned has attained pensionable age; and
(b)the total annual disposable income (excluding any net income derived from capital) of the client and any other person concerned is less than £3,355,
the amount of capital shown in the following table shall be disregarded—
| Annual disposable income (excluding net income derived from capital) | Amount of capital disregarded |
|---|---|
| Up to £370 | £35,000 |
| £371 – £670 | £30,000 |
| £671 – £970 | £25,000 |
| £971 – £1,270 | £20,000 |
| £1,271 – £1,570 | £15,000 |
| £1,571 – £1,870 | £10,000 |
| £1,871 and above | £5,000 |
(2) In this regulation, “pensionable age” means the age of 60.