Capital is any savings and investments that you and/or your partner may have.
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 housing benefit or £6,000 and £8,000 for council tax support, for every £250 you have, we add £1 a week to your income, we call this a tariff income.
If you have more than £8,000 then you will not be able to get council tax support unless you or your partner receive the following:
- Guarantee Pension Credit
- Employment Support Allowance (income related and contribution based)
- Disability Living Allowance (DLA)/Personal Independence Payment (PIP)
- Incapacity Benefit
- Or you are a lone parent with a child under 5 years old
If you have more than £16,000 then you will not be able to get Housing Benefit or council tax support unless you or your partner receives Guarantee Pension Credit.
If you or your partner are 60 years old or more, then we will not include capital under £10,000. For anything over £10,000 to £16,000 we will add £1 a week to your income for every £500 of capital.
Did you know?
You can now check your benefits online, 24 hours a day,7 days a week, giving you access to your payments, entitlement, how your claim has been calculated and lots more. Register for a customer account. See more online council services with our My Account.
Housing benefit and council tax support
Housing benefit section
London Borough of Croydon
Bernard Weatherill House
8 Mint Walk
Croydon, CR0 1EA