Capital includes any savings, investments, land and property you own. If you have capital of £10,000 or less, this will not affect your pension credit. There is no upper capital limit for pension credit but if you have capital of more than £10,000, you will be counted as having an extra £1 a week income for every £500 (or part of £500) over this limit. This is called ‘deemed income’. For example, if you have savings of £11,050, you will be deemed to have an income of £3 a week from that capital; if you have savings of £19,300, you will have a deemed income of £19 a week. If you have a partner, your capital is assessed together, but the amount that is disregarded (see below) is still the same.
SPCA , Ss.5 & 15(2) & SPC Regs , regs 14 & 15(6)

Most forms of capital are taken into account, including: cash, bank and building society savings, National Savings accounts and certificates, stocks and shares, premium bonds, income bonds and property (other than your home). However, so