Calculation of Capital
25.—(1) The capital of an applicant(1) to be taken into account must be, subject to sub-paragraph (2), the whole of the applicant’s capital calculated in accordance with this Part.
(2) There must be disregarded from the calculation of an applicant’s capital under sub-paragraph (1), any capital, where applicable, specified in Schedule 5 (capital disregards), in relation to pensioners.
(3) In the case of an applicant who is a pensioner, the applicant’s capital is to be treated as including any payment made to the applicant 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 an authority’s scheme was allowed before those arrears were paid.
The capital limit is £16,000, see paragraph 31.