PART V INCOME AND CAPITAL

CHAPTER V: OTHER INCOME

28 Capital treated as income
1 Any capital payable by instalments which are outstanding at the date of the claim shall, if the aggregate of the instalments outstanding and the amount of the claimant’s capital otherwise calculated in accordance with Chapter VI of this Part exceeds £16,000, be treated as income.
2 Any payment received under an annuity shall be treated as income.