§ Mr. GunnellTo ask the Secretary of State for Social Security from what date the benefit loss to a pensioner was set at £1 per £250 of savings.
§ Mr. HagueThe formula applied for taking account of capital above £3,000 in the income-related benefits was introduced in April 1988. In housing benefit and council tax benefit, however, the effect of the tapers which apply to those benefits means that housing benefit is reduced by only 65p and council tax benefit by only 20p for each £1 above a set level.