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The amount of benefit you receive is partly
dependent upon your amount of savings and capital.
We take into account you or your partner's savings and capital
with anything above £3000, or £6000 if you are over 60, treated as
an assumed income or tariff income.
Anything below these figures is disregarded for your respective
age group and will not affect your claim.
If you have between £3000 and £16,000 it will affect how much
benefit you will receive.
If you are under 60 for every £250, or part of thereof, you have
over £3000 we will add £1 in tariff income to the weekly income we
use to work out your benefit.
For example, for £4000 in savings or capital we would add £4 to
your weekly income, for £7250 we would add £17 and for £7251 we
would add £18.
If you are aged 60 or over for every £500, or part thereof, you
have over £6000 we we will add £1 in tariff income to the weekly
income we use to work out your benefit.
For example, for £7000 in savings or capital we would add £2 to
your weekly income, for £9500 we would add £7 and for £9501 we
would add £8.
Finally, if you or your partner have savings or capital of more
than £16,000 you will not be entitled to benefit.
However, if you are aged 60 or over and in receipt of pension
credit you may still be eligible. |