Investments, properties and savings (capital)

Capital is anything that has a monetary value, such as land and property, investments and savings.

You will not be entitled to a Council Tax reduction if your capital is more than £16,000. This applies to combined capital if you are with a partner.

We count capital as:

• cash
• individual savings accounts (ISAs)
• land
• lump sums such as redundancy payments, insurance payments and back payments of social security benefits
• Premium Bonds and income bonds
• properties you or your partner own or jointly own
• money invested in a business and business assets
• money held or jointly held in banks, building societies and the Post Office
• money held or jointly held in any current accounts or pre-paid cards
• money held in trust
• money you have borrowed
• stocks, shares, unit trust holdings, government securities and bonds
• tax refunds
• National Savings certificates

Other forms of investments – properties, savings or anything that has monetary value – could also be counted as capital.

Your total capital affects your Council Tax support - total capital of £16,000 or more means that you cannot get a Council Tax reduction.

Capital amounts

The amount we add to your total weekly income will depend on your capital amount.

Claimants above state pension age

£10,000.01 – £10,500                                 £1

£10,500.01 – £11,000                                 £2

£11,000.01 – £11,500                                 £3

£11,500.01 – £12,000                                 £4

£12,000.01 – £12,500                                 £5

£12,500.01 – £13,000                                 £6

£13,000.01 – £13,500                                 £7

£13,500.01 – £14,000                                 £8

£14,000.01 – £14,500                                 £9

£14,500.01 – £15,000                                 £10

£15,000.01 – £15,500                                 £11

£15,500.01 – £15,999                                 £12