§ 42. Mr. Ridley
asked the Secretary of State for Social Services if he will seek to increase substantially the capital disregard for supplementary benefit.
§ Mr. Edwin Wainwright
asked the Secretary of State for Social Services when the amount of money which is disregarded in calculating supplementary benefits paid to people over pension age was increased to £1; and what is its present day value.
§ Mr. Orme
The amount of occupational pension that is disregarded in assessing supplementary benefit was fixed at £1 in 1966. Its present-day value would be 32p. It was deliberately left at £1 when other disregards were reviewed in 1975 because it was no longer considered appropriate that the increasing number of occupational pensions should attract a substantial disregard when State pensions were taken fully into account in assessing entitlement to supplementary benefits.