Decision Makers Guide - DMG42040

Income from a capital asset

If capital is held in an interest account, the decision maker should ensure that the account is up to date at the time of the application, bearing in mind that interest is usually added to an account every 6 or 12 months.

Note the decision maker should get up-to-date details of capital and interest if

1) a check that the account was up-to-date was overlooked and
2) any uncredited interest due would make the total capital exceed £3,000.





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