HC Deb 22 November 1983 vol 49 c120W
Mr. Rowe

asked the Secretary of State for Social Services what would be the cost to the Exchequer of abolishing the savings rule applicable to claimants of social security benefits.

Dr. Boyson

Supplementary benefit is the only social security benefit with a savings rule as such. The capital cut-off limit was increased to £3,000 from 21 November. Sufficient data are not available to enable a precise calculation to be made of the cost of abolishing the capital cut-off rule; but it is estimated that the cost would be considerably in excess of £100 million a year.