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Capital is anything that has a monetary value, such as land and property, investments and savings, but which is not received on a regular basis or with reference to a specific period, like earnings.
You will not be entitled to Housing Benefit if your (and your partners) combined capital exceeds £16,000, unless you and/or your partner are in receipt of the Guarantee Credit element of Pension Credit.
The following are some of the most common items counted as capital:
You should note that this is not a full list. Other forms of investments, properties, savings, or anything that has monetary value could be counted as capital.
Your total capital affects your Housing Benefit as follows:
The table below shows how much is added to your weekly income depending on how much capital you have.
Total amount of capital in pounds | Weekly amount added to your total weekly income if you are below the State Pension Age | Weekly amount added to your total weekly income if you are above the State Pension Age |
---|---|---|
£6,000.01 to £6,250 | £1 | £0 |
£6,250.01 to £6,500 | £2 | £0 |
£6,500.01 to £6,750 | £3 | £0 |
£6,750.01 to £7,000 | £4 | £0 |
£7,000.01 to £7,250 | £5 | £0 |
£7,250.01 to £7,500 | £6 | £0 |
£7,500.01 to £7,750 | £7 | £0 |
£7,750.01 to £8,000 | £8 | £0 |
£8,000.01 to £8,250 | £9 | £0 |
£8.250.01 to £8,500 | £10 | £0 |
£8,500.01 to £8,750 | £11 | £0 |
£8,750.01 to £9,000 | £12 | £0 |
£9,000.01 to £9,250 | £13 | £0 |
£9,250.01 to £9,500 | £14 | £0 |
£9,500.01 to £9,750 | £15 | £0 |
£9,750.01 to £10,00 | £16 | £0 |
£10,000.01 to £10,250 | £17 | £1 |
£10,250.01 to £10,500 | £18 | £1 |
£10,500.01 to £10,750 | £19 | £2 |
£10,750.01 to £11,000 | £20 | £2 |
£11,000.01 to £11,250 | £21 | £3 |
£11,250.01 to £11,500 | £22 | £3 |
£11,500.01 to £11,750 | £23 | £4 |
£11,750.01 to £12,000 | £24 | £4 |
£12,000.01 to £12,250 | £25 | £5 |
£12,250.01 to £12,500 | £26 | £5 |
£12,500.01 to £12,750 | £27 | £6 |
£12,750.01 to £13,000 | £28 | £6 |
£13,000.01 to £13,250 | £29 | £7 |
£13,250.01 to £13,500 | £30 | £7 |
£13,500.01 to £13,750 | £31 | £8 |
£13,750.01 to £14,000 | £32 | £8 |
£14,000.01 to £14,250 | £33 | £9 |
£14,250.01 to £14,500 | £34 | £9 |
£14,500.01 to £14,750 | £35 | £10 |
£14,750.01 to £15,000 | £36 | £10 |
£15,000.01 to £15,250 | £37 | £11 |
£15,250.01 to £15,500 | £38 | £11 |
£15,500.01 to £15,750 | £39 | £12 |
£15,750.01 to £16,000.00 | £40 | £12 |