How we work out your benefits
Capital includes all savings and investments. If you have more than £16,000 then you will not be able to get Housing or Council Tax Benefit unless you or your partner receives a Pension Credit.
Examples of capital are:
Money in a bank, building society or post office account
- stocks and shares
- ISAs and TESSAs
- Premium bonds
- Income/Capital bonds
- other land and property
If you have capital between £6,000 and £16,000, for every £250 you have, we add £1 a week to your income, we call this a tariff income.
If you or your partner are 60 years old or more, then we will not include capital under £6,000. For anything over £6,000 we will add £1 a week to your income for every £500 of capital.
Contact Details
- Contact name
- Council Tax & Housing Benefit
- Telephone
- 020 8726 7000
- Fax
- 020 8667 8440
- Croyhben@croydon.gov.uk
- Address
- Municipal Offices, Fell Road, Croydon, CR9 1BQ
