Guide Benefit FAQs

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6. What do you mean by savings and capital?


is money you have such as a savings account, ISA, PEP’s or any other accounts where you may have money set aside but can access at any time.

We need to know about any accounts you have even if they are overdrawn or have a zero balance.


is cash or money in the bank / building society that you use on a daily basis for bills or a general current account.

  • If you own any property or land this would be considered as capital
  • Stocks and shares are considered as capital.

If you are single your own capital is taken into account, if you are a couple, the capital of your partner is taken into account as well as yours.  Capital includes all categories of holdings which have clear monetary value.