London Borough of Croydon

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.

Contacts

Housing Benefit & Council Tax Support

Telephone: 
020 8726 7000
Fax: 
020 8667 8440
Address Line:

Housing benefit section

London Borough of Croydon

Bernard Weatherill House

8 Mint Walk

Croydon, CR0 1EA