Select Committee on Work and Pensions Minutes of Evidence

Annex A

Treatment of capital

Capital held	Effective rate of return	Number of pensioners affected	% of Pension Credit entitled population
Under £6,000	0.0%	3,300,000	84.5
£6,000-£8,000	0.0-2.6%	150,000	4.5
£8,000-£10,000	2.6-4.2%	100,000	2.5
£10,000-£12,000	4.2-5.2%	50,000	1.5
£12,000-£15,000	5.2-6.3%	100,000	2.0
£15,000-£20,000	6.3-7.3%	100,000	2.5
£20,000 +	7.3 and less than 10%	100,000	2.5

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Prepared 12 April 2002