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SCHEDULE 2Remissions, part remissions and refunds

Disposable capital: savings and investments held outside the United Kingdom

6.—(1) Savings and investments in a country outside the United Kingdom count towards disposable capital.

(2) If there is no prohibition in that country against the transfer of savings and investments into the United Kingdom, the value of those savings and investments is the amount which they would realise if sold to a buyer in the United Kingdom.

(3) If there is a prohibition in that country against the transfer of savings and investments into the United Kingdom, the value of those savings and investments is to be calculated in accordance with paragraph 5 as if they were sold in that country.