Capital is anything that has a monetary value, such as land and property, investments and savings.
You will not be entitled to Council Tax support if your capital is more than £16,000. This applies to combined capital if you are with a partner.
We count capital as
- cash
- individual savings accounts (ISAs)
- land
- lump sums such as redundancy payments, insurance payments and back payments of social security benefits
- Premium Bonds and income bonds
- properties you or your partner own or jointly own
- money invested in a business and business assets
- money held or jointly held in banks, building societies and the Post Office
- money held or jointly held in any current accounts or pre-paid cards
- money held in trust
- money you have borrowed
- stocks, shares, unit trust holdings, government securities and bonds
- tax refunds
- National Savings certificates
Other forms of investments – properties, savings or anything that has monetary value – could also be counted as capital.
Your total capital affects your Council Tax support
- total capital of £6,000 or less does not affect your Council Tax support if you are below state pension age
- total capital of £10,000 or less does not affect your Council Tax support if you are state pension age or above
- total capital of £16,000 or more means that you cannot get Council Tax support