Capital - Housing BenefitIf a customer and/or their partner have capital over £16,000 they will not qualify for Housing Benefit, however capital in excess of £16K does not exclude customers from Housing Benefit if they are receiving Guarantee Pension Credit. Capital of £3,000 or less (£10,000 or less for certain people in residential accommodation) does not affect this benefit.
Any capital between £3,000.01 (£10,000.01 for certain people in residential accommodation) up to and including £16,000 will affect the amount of benefit as a weekly income is assumed. For a calculation of the relevant deduction see Assumed Income from Capital Table B.Further details can be obtained from the Northern Ireland Housing Executive / Land and Property Services and in leaflet RR1 "Help with your Rent".
Table B - Assumed Income from Capital
Capital held
£ |
Weekly Assumed Income from Capital
£ |
3,000.01 - 3,250 |
1 |
3,250.01 - 3,500 |
2 |
3,500.01 - 3,750 |
3 |
3,750.01 - 4,000 |
4 |
4,000.01 - 4,250 |
5 |
4,250.01 - 4,500 |
6 |
4,500.01 - 4,750 |
7 |
4,750.01 - 5,000 |
8 |
5,000.01 - 5,250 |
9 |
5,250.01 - 5,500 |
10 |
5,500.01 - 5,750 |
11 |
5,750.01 - 6,000 |
12 |
6,000.01 - 6,250 |
13 |
6,250.01 - 6,500 |
14 |
6,500.01 - 6,750 |
15 |
6,750.01 - 7,000 |
16 |
7,000.01 - 7,250 |
17 |
7,250.01 - 7,500 |
18 |
7,500.01 - 7,750 |
19 |
7,750.01 - 8,000 |
20 |
8,000.01 - 8,250 |
21 |
8,250.01 - 8,500 |
22 |
8,500.01 - 8,750 |
23 |
8,750.01 - 9,000 |
24 |
9,000.01 - 9,250 |
25 |
9,250.01 - 9,500 |
26 |
9,500.01 - 9,750 |
27 |
9,750.01 - 10,000 |
28 |
10,000.01 - 10.250 |
29 |
10,250.01 - 10,500 |
30 |
10,500.01 - 10,750 |
31 |
10,750.01 - 11,000 |
32 |
11,000.01 - 11,250 |
33 |
11,250.01 - 11,500 |
34 |
11,500.01 - 11,750 |
35 |
11,750.01 - 12,000 |
36 |
12,000.01 - 12,250 |
37 |
12,250.01 - 12,500 |
38 |
12,500.01 - 12,750 |
39 |
12,750.01 - 13,000 |
40 |
13,000.01 - 13,250 |
41 |
13,250.01 - 13,500 |
42 |
13,500.01 - 13,750 |
43 |
13,750.01 - 14,000 |
44 |
14,000.01 - 14,250 |
45 |
14,250.01 - 14,500 |
46 |
14,500.01 - 14,750 |
47 |
14,750.01 - 15,000 |
48 |
15,000.01 - 15,250 |
49 |
15,250.01 - 15,500 |
50 |
15,500.01 - 15,750 |
51 |
15,750.01 - 16,000 |
52 |
Table B - Assumed Income from Capital (pensioners).
Capital held
£ |
Weekly Assumed Income from Capital
£ |
6,000.01 - 6,500 |
1 |
6,500.01 - 7,000 |
2 |
7,000.01 - 7,500 |
3 |
7,500.01 - 8,000 |
4 |
8,000.01 - 8,500 |
5 |
8,500.01 - 9,000 |
6 |
9,000.01 - 9,500 |
7 |
9,500.01 - 10,000 |
8 |
10,000.01 - 10,500 |
9 |
10,500.01 - 11,000 |
10 |
11,000.01 - 11,500 |
11 |
11,500.01 - 12,000 |
12 |
12,000.01 - 12,500 |
13 |
12,500.01 - 13,000 |
14 |
13,000.01 - 13,500 |
15 |
13,500.01 - 14,000 |
16 |
14,000.01 - 14,500 |
17 |
14,500.01 - 15,000 |
18 |
15,000.01 - 15,500 |
19 |
15,500.01 - 16,000 |
20 |
The capital of a child or young person who is a member of the customer's family is not treated as capital belonging to the customer.
Where the capital of a dependent child or young person is £3000 or less Housing Benefit is not affected. Where a dependent child or young person has capital of more than £3000 the personal allowance and Disabled Child Allowance appropriate to that child/young person will not be included in the applicable amount. Family Premium and Family Premium (Lone Parent) are not affected.
In such cases, any income of that child or young person is also ignored, with the exception of maintenance payments made to that child or young person which are treated as the customer's income.
The capital of each child or young person is calculated individually for the purpose of deciding whether it affects entitlement to Housing Benefit.
From April 2005 the entire income and capital of a dependant will be ignored for Housing Benefit purposes.
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