5. Disregarded capital - Working Age Scheme
Capital disregards
This is a summarised list, to view the list in full please see Council Tax Reduction scheme
Schedule 4
Capital disregarded
- Your home.
- Any property which you are taking steps to move into. 26 week time limit.
- Any sum put aside from the sale of a former home in order to purchase a new one. 26 week time limit.
- A property occupied by a vulnerable family member or a former partner, unless legally separated.
- N/A
- N/A
- Future interest in a property or land unless you’ve leased it to someone else.
- For a working self-employed person, the assets belonging to your business or in some circumstances for periods if you are unable to work.
- Arrears of some DWP payments provided they weren’t paid over a year ago.
- Sums
- to compensate for loss, damage, repair or replacements(e.g. insurance pay outs)
- applied for in order to pay for planned essential repairs or improvements. (e.g. home improvement loan)
- Deposits paid to a housing association for rented or home/shared ownership.
- Personal possessions.
- Potential Annuity values.
- Amount paid regarding personal injury compensation and invested in a Trust fund.
- Amount paid regarding personal injury compensation provided it received no more than a year ago.
- Value of a life interest or rent.
- Value of any disregarded income.
- Life insurance surrender value.
- Value of outstanding capital instalments.
- Certain local authority payments made for looking after or supporting children in line with the Children Act 1989.
- Social fund or welfare provision sums.
- Tax refund.
- Student loans or grants are counted as income.
- Costs for converting non Sterling held capital into Sterling.
- Capital payments made by these Trusts *
- the Fund
- Eileen Trust
- MFET Limited
- Caxton Foundation
- London Bombings Charitable Fund
- or in respect of haemophilia affected members of the family
- Value of a home you’ve left less than 6 months ago provided it is occupied by a former partner who is a lone parent.
- Value of a property you have been trying to sell for less than 6 months.
- Value of a property you are taking legal steps to move into, provided its taking less than 6 months.
- Value of a property that is being repaired or altered before you can move in, provided it’s taking less than 6 months.
- Housing Benefit compensation payments.
- Windrush Compensation payments.
- Value of occupational or personal pension.
- Value of pension scheme funds.
- Unless you have a revisionary interest in a property - value of your rent entitlement.
- Payment made in kind by a charity or from these Trusts* or from the Independent Living Fund(2006)
- Payment made by government in respect of training, enabling and supporting work.
- Payment made in respect of travel and other expenses for attending certain training and employment schemes.
- Payment to compensate for the loss of council tax reduction.
- Payment under Housing Act to buy or repair your new home.
- Pension supplement arrears for certain armed forces surviving partner schemes.
- Certain National Health Service travel and supply expense payments.
- Certain payments in lieu of things like milk tokens, vitamins, healthy start vouchers.
- Payments made in respect of health in pregnancy grant
- Payments made to assist relatives and other persons to visit persons in custody – for maximum 52 weeks from date of payment.
- Payments (other than a training allowance) made under the Disabled Persons (Employment) Act 1944 to assist persons to obtain or retain employment despite their disability.
- Payments made to homeworkers assisted under the Blind Homeworkers’ scheme.
- N/A
- Capital held and administered by Court of Protection or High Court.
- Capital held for and administered on behalf of a person aged under 18 under the Children Act.
- Payment to holders of The Victoria Cross.
- N/A
- Payments to assist persons under the self-employment route, for 52 weeks from the date of payment.
- Payments of a sports award for a period of 26 weeks.
- Education Maintenance Allowance or its equivalent.
- Payments made by an employment zone contractor, for 52 weeks from the date of payment.
- Arrears of subsistence allowance, for 52 weeks from the date of payment.
- Payments made in respect of being imprisoned by the Japanese during the Second World War.
- Payments in respect of a diagnosis of Creutzfeld-Jacob Disease
- Compensation payments in respect of
- Slave or forced labour
- Suffered property loss of personal injury
- Was a parent of a child who died
- during the Second World War
- Direct payments for healthcare.
- Adoption payments.
- Special Guardianship payments.
- Payments made under the Children’s and Families act for personal budgets and direct payments.
- Payments from the London Emergencies Trust fund and We Love Manchester fund.
- Bereavement Support payments.