Additional disregard where client or person concerned is of pensionable ageN.I.
This section has no associated Explanatory Memorandum
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.