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Means Tested Benefits

Volume 486: debated on Thursday 15 January 2009

To ask the Secretary of State for Work and Pensions which benefits provided by his Department take account of assumed interest on saving in calculating entitlements; how frequently assumed interest rates are reviewed; when the last such review took place; what the assumed rate of interest is; and if he will make a statement. (246358)

Tariff income rules apply to all the income-related benefits for which the Department is responsible: income support; income-based jobseekers allowance; income-based employment and support allowance; pension credit; housing benefit; and council tax benefit.

For the information about tariff income, I refer the hon. Member to the written answer given to the hon. Member for Newcastle upon Tyne, Central (Jim Cousins) on 15 December 2008, Official Report, columns 418-19W.