Capital - Income Support/Jobseeker's Allowance (Income based)Capital of £6,000 or less does not affect this benefit.
Any capital between £6,000.01 and £16,000 will involve a reduction in the amount of benefit to which the customer may be entitled to as a weekly income is assumed. For the calculation of the relevant deduction see Assumed Income from Capital Table A.Table A - Assumed Income from Capital
Capital held by you and/or your partner
£ |
Weekly Assumed Income from Capital
£ |
6,000.01 - 6,250 |
1 |
6,250.01 - 6,500 |
2 |
6,500.01 - 6,750 |
3 |
6,750.01 - 7,000 |
4 |
7,000.01 - 7,250 |
5 |
7,250.01 - 7,500 |
6 |
7,500.01 - 7,750 |
7 |
7,750.01 - 8,000 |
8 |
8,000.01 - 8,250 |
9 |
8,250.01 - 8,500 |
10 |
8,500.01 - 8,750 |
11 |
8,750.01 - 9,000 |
12 |
9,000.01 - 9,250 |
13 |
9,250.01 - 9,500 |
14 |
9,500.01 - 9,750 |
15 |
9,750.01 - 10,000 |
16 |
10,000.01 - 10,250 |
17 |
10,250.01 - 10,500 |
18 |
10,500.01 - 10,750 |
19 |
10,750.01 - 11,000 |
20 |
11,000.01 - 11,250 |
21 |
11,250.01 - 11,500 |
22 |
11,500.01 - 11,750 |
23 |
11,750.01 - 12,000 |
24 |
12,000.01 - 12,250 |
25 |
12,250.01 - 12,500 |
26 |
12,500.01 - 12,750 |
27 |
12,750.01 - 13,000 |
28 |
13,000.01 - 13,250 |
29 |
13,250.01 - 13,500 |
30 |
13,500.01 - 13,750 |
31 |
13,750.01 - 14,000 |
32 |
14,000.01 - 14,250 |
33 |
14,250.01 - 14,500 |
34 |
14,500.01 - 14,750 |
35 |
14,750.01 - 15,000 |
36 |
15,000.01 - 15,250 |
37 |
15,250.01 - 15,500 |
38 |
15,500.01 - 15.750 |
39 |
15,750.01 - 16,000 |
40 |
Table A - Assumed Income from Capital (care homes)
Capital held by you and/or your partner
£ |
Weekly Assumed Income from Capital
£ |
10,000.01 - 10.250 |
1 |
10,250.01 - 10,500 |
2 |
10,500.01 - 10,750 |
3 |
10,750.01 - 11,000 |
4 |
11,000.01 - 11,250 |
5 |
11,250.01 - 11,500 |
6 |
11,500.01 - 11,750 |
7 |
11,750.01 - 12,000 |
8 |
12,000.01 - 12,250 |
9 |
12,250.01 - 12,500 |
10 |
12,500.01 - 12,750 |
11 |
12,750.01 - 13,000 |
12 |
13,000.01 - 13,250 |
13 |
13,250.01 - 13,500 |
14 |
13,500.01 - 13,750 |
15 |
13,750.01 - 14,000 |
16 |
14,000.01 - 14,250 |
17 |
14,250.01 - 14,500 |
18 |
14,500.01 - 14,750 |
19 |
14,750.01 - 15,000 |
20 |
15,000.01 - 15,250 |
21 |
15,250.01 - 15,500 |
22 |
15,500.01 - 15,750 |
23 |
15,750.01 - 16,000 |
24 |
If a dependent child's capital totals more than £3,000 the personal allowance and premiums appropriate to that dependent child will not be paid.
Family Premium and Family Premium (Lone Parent) are not affected.
Claims to Income Support awarded from the 6th April 2004 will not include child-related elements because support for children will be provided by Child Tax Credit (CTC). Families already on Income Support in April 2004 who have not already claimed CTC will be moved across to CTC at a future date.
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