HC Deb 28 February 1951 vol 484 cc306-7W
Surgeon Lieut.-Commander Bennett

asked the Minister of National Insurance what statistical basis she has for the statement in paragraph 4 of the National Assistance Board leaflet entitled, "Non-Contributory Old Age and Blind Pension," that the yearly means derived from a claimant's capital is 5 per cent. of any capital between £25 and £375 and 10 per cent. of any capital over this figure.

Dr. Summerskill

The paragraph to which the hon. Member refers does not purport to be an estimate of the ordinary yield from capital, but simply recapitulates provisions of the first schedule to the Old Age Pensions Act, 1936. It is necessary to read these provisions in conjunction with other provisions of the Act, in particular that under which £39 per annum from means other than earnings is disregarded in the calculation of the pension, and that under which the full pension is payable where the means, after making the £39 allowance, do not exceed £26 5s.