HC Deb 03 July 1985 vol 82 c181W
Mr. Meacher

asked the Secretary of State for Social Services whether the proposed tariff given in paragraph 2.89 of Cmnd. 9518 on reform of social security of 40 pence for each £100 of capital between £3,000 and £6,000 is calculated on the current rate of investment income.

Mr. Newton

No. The proposed rate of tariff reflects both the fact that the first £3,000 of capital and any income derived from it will continue to be ignored and our view that it is reasonable to expect claimants with capital between £3,000 and £6,000, who will gain entitlement to benefit, to draw to some extent on their capital for living expenses.