Income from your capital
Actual income
We don't count savings interest as income - we count your total savings as part of your capital.
We don't count your home, business assets or money held in trust as capital, but we do count income you get from them. For example, if you rent out part of your home we will count some of the rent as weekly income.
Assumed income
We assume that you get income each week from your capital and we include it in your total weekly income. It is called 'tariff income'. It is set by the government and has nothing to do with interest rates. The amount of 'tariff income' we use depends on your/your partner's age.
- If you and your partner are below the qualifying age for State Pension Credit and your capital is between £6,000 and £16,000 the law says we must assume that you get 'tariff income' each week from your capital.
- If you or your partner are above the qualifying age for State Pension Credit and your capital is between £10,000and £16,000 the law says we must assume that you get 'tariff income' each week from your capital.
First find your State Pension Credit qualifying age and then use the correct column in this 'tariff income' table to work out the tariff income on your capital.
| Amount of capital in pounds | Weekly 'tariff income' in pounds if you are below the qualifying age for State Pension Credit | Weekly 'tariff income' in pounds if you areabove the qualifying age for State Pension Credit |
| 6,000.01 - 6,250 | 1 | 0 |
| 6,250.01 - 6,500 | 2 | 0 |
| 6,500.01 - 6,750 | 3 | 0 |
| 6,750.01 - 7,000 | 4 | 0 |
| 7,000.01 - 7,250 | 5 | 0 |
| 7,250.01 - 7,500 | 6 | 0 |
| 7,500.01 - 7,750 | 7 | 0 |
| 7,750.01 - 8,000 | 8 | 0 |
| 8,000.01 - 8,250 | 9 | 0 |
| 8.250.01 - 8,500 | 10 | 0 |
| 8,500.01 - 8,750 | 11 | 0 |
| 8,750.01 - 9,000 | 12 | 0 |
| 9,000.01 - 9,250 | 13 | 0 |
| 9,250.01 - 9,500 | 14 | 0 |
| 9,500.01 - 9,750 | 15 | 0 |
| 9,750.01 - 10,000 | 16 | 0 |
| 10,000.01 - 10,250 | 17 | 1 |
| 10,250.01 - 10,500 | 18 | 1 |
| 10,500.01 - 10,750 | 19 | 2 |
| 10,750.01 - 11,000 | 20 | 2 |
| 11,000.01 - 11,250 | 21 | 3 |
| 11,250.01 - 11,500 | 22 | 3 |
| 11,500.01 - 11,750 | 23 | 4 |
| 11,750.01 - 12,000 | 24 | 4 |
| 12,000.01 - 12,250 | 25 | 5 |
| 12,250.01 - 12,500 | 26 | 5 |
| 12,500.01 - 12,750 | 27 | 6 |
| 12,750.01 - 13,000 | 28 | 6 |
| 13,000.01 - 13,250 | 29 | 7 |
| 13,250.01 - 13,500 | 30 | 7 |
| 13,500.01 - 13,750 | 31 | 8 |
| 13,750.01 - 14,000 | 32 | 8 |
| 14,000.01 - 14,250 | 33 | 9 |
| 14,250.01 - 14,500 | 34 | 9 |
| 14,500.01 - 14,750 | 35 | 10 |
| 14,750.01 - 15,000 | 36 | 10 |
| 15,000.01 - 15,250 | 37 | 11 |
| 15,250.01 - 15,500 | 38 | 11 |
| 15,500.01 - 15,750 | 39 | 12 |