Skip to content

Capital - Income Support/Jobseeker's Allowance

If you claim Income Support or Jobseeker's Allowance, your claim may be affected by your capital.

Customer/Partner

If you and/or your partner have capital over £16,000 you will not qualify for Income Support / Jobseeker's Allowance (Income based).

Capital of £6,000 or less does not affect these benefits. You are required to provide details if you/your partner's capital is over £5,500.

Jobseekers Allowance (Contribution based) is not affected by the amount of capital you or your partner/dependants have.

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

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

 

There are different capital limits for people permanently in care homes.

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

Dependent child or young person’s capital

If each dependent child's/young person’s capital is £3,000 or less Income Support / Jobseeker's Allowance (Income based) is not affected.

If a dependent child's/young person’s capital totals more than £3,000 the personal allowance and premiums appropriate to that dependent child/young person’s will not be paid.

Do not include the child or young person's income when working out the customer's income.

Claims to Income Support awarded from the 6 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.