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Hi I am needing some legislation translated into layman's terms/something joe public(me) can understand. It seems pretty self explanatory but needing other people's opinion on this.
Under the Employment and Support Allowance Regulations under Schedule 9 Regulation 111 (2) "Capital to be Disregarded". Paragraphs 28 and 29:
"28. The value of the right to receive an occupational or personal pension."
"29. The value of any funds held under a personal pension scheme."
What do these two statements mean in basic terms. Does it mean that the value of the pension should not be treated as capital?
Under the Employment and Support Allowance Regulations under Schedule 9 Regulation 111 (2) "Capital to be Disregarded". Paragraphs 28 and 29:
"28. The value of the right to receive an occupational or personal pension."
"29. The value of any funds held under a personal pension scheme."
What do these two statements mean in basic terms. Does it mean that the value of the pension should not be treated as capital?
