Diminution of capital

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    I am about to calc the above can someone confirm whether I am correct or just talking rubbish?

    o/p from 2004 – 2006. Capital £25,000.

    Am I correct in assuming we must use reg 103 for each 13 weeks of the o/p, until notional capital reached £6000? also as it will be a fair few weeks until the claimant is entitled (below £16,000) Am I correct in saying that for those 13 weeks that there is nil ent we should just reduce by £1300 until tarif income sets in.

    If anyone has any detailed notes and also how do this rule on I-world I would be very grateful if you would like to send me a copy.

    emma.freestone@shepway.gov.uk 😕


    I have sent you an e-mail with attached note.
    Hope this helps 8)

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