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Most benefits are not affected by the amount of capital the customer and their family have. However, title to some benefits can be reduced or removed depending on the amount of capital involved.
"Capital" includes:
- savings (cash, money in banks, Post Office® and building society accounts etc.);
- national savings certificates;
- premium bonds as well as investments (shares etc.); and
- property and land.
Certain types of capital are disregarded, for example, a property which the customer occupies as his home would not count as capital.
The benefits and tax credits listed below are the main ones likely to be affected by capital:
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