Social Welfare (Miscellaneous Provisions) Act, 1963
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Amendment of Seventh Schedule to Act of 1952. |
16.—(1) Rule 1 of the Seventh Schedule to the Act of 1952 shall have effect in calculating the means of a person, in the case of a pension under the Widows' and Orphans' Pensions Acts, 1935 to 1963, as if for subparagraphs (a), (b) and (c) of paragraph (I) there were substituted the following paragraphs: | |
“(a) the first £100 of the capital value of the property shall be excluded, and | ||
(b) in the case of a widow who has a qualified child or qualified children normally residing with her an additional £100 of the capital value of the property shall be excluded in respect of each such qualified child in respect of whom an increase of pension is claimable, and | ||
(c) the yearly value of any remainder of the capital value of the property shall be taken to be one-twentieth part of such remainder.” | ||
(2) Subsection (1) of this section shall come into operation on the 1st day of November, 1963. |