63.—(1) The capital of an applicant(1) to be taken into account must be, subject to sub-paragraph (2), the whole of his capital calculated in accordance with this Part and (in the case of persons who are not pensioners) any income treated as capital under paragraph 64 (income treated as capital: persons who are not pensioners).
(2) There must be disregarded from the calculation of an applicant’s capital under sub-paragraph (1), any capital, where applicable, specified in—
(a)Schedule 9, in relation to pensioners;
(b)Schedule 10, in relation to persons who are not pensioners.
(3) In the case of an applicant who is a pensioner, his capital is to be treated as including any payment made to him by way of arrears of—
(a)child tax credit;
(b)working tax credit;
(c)state pension credit,
if the payment was made in respect of a period for the whole or part of which a reduction under this scheme was allowed before those arrears were paid.
(4) The capital of a child or young person who is a member of the family of an applicant who is not a pensioner must not be treated as capital of the applicant.
See paragraph 22A for the capital limit for eligibility of £16,000.