HC Deb 30 March 1995 vol 257 cc776-7W
Mr. David Atkinson

To ask the Secretary of State for Social Security if he will list all the current capital limits to the entitlement to benefits and other assistance together with the year of introduction; what was the value of each in real terms at the time of introduction; and if he will make a statement. [16611]

Mr. Roger Evans

The five income-related benefits—council tax benefit, disability working allowance, family credit, housing benefit and income support—all have a lower capital limit, above which deductions are made from benefit, and an upper capital limit, above which no benefit can be paid. The lower capital limit in all those benefits is also the level above which no personal allowance can be paid for a dependent child if he possesses that amount of capital or more.

Additionally, in qualifying for a social fund maternity or funeral payment, community care grant or budgeting loan, if capital is held above a certain limit, deductions are made from any payment awarded.

The limits, and the dates when they were introduced or last increased, are set out in the table.

£
Date fixed Value now if uprated in line with prices1
Council Tax Benefit
Lower capital limit £3,000 April 1993 3,108
Upper capital limit £16,000 April 1993 16,576
Disability Working Allowance
Lower capital limit £3,000 April 1992 3,216
Upper capital limit £16,000 April 1992 £16,596
Family Credit
Lower capital limit £3,000 April 1988 4,105
Upper capital limit £8,000 April 1990 9,940
Housing Benefit
Lower capital limit £3,000 April 1988 4,105
Upper capital limit £16,000 April 1990 19,881
Income Support
Lower capital limit £3,000 April 1988 4,105
Upper capital limit £8,000 April 1990 9,940
Social Fund
Capital limit for funeral £500 or maternity payments (up to age 60) April 1990 621
Capital limit for funeral £1,000 or maternity payments (60 and over) April 1990 1,242
Community care grant £500 (up to age 60) April 1988 684
Community care grant £1,000 (60 and over) April 1988 1,242
Budgeting loan £500 (up to age 60) April 1988 684
Budgeting loan £1,000 (60 and over) April 1988 1,242
1 Uprated in line with ROSSI—retail prices index excluding housing costs.