Legal Services project Manager, BHT Brighton Member since 01st May 2007
Retirement provision and capital rules Tue 01-May-07 11:46 AM
I don't do much PC work so would appreciate advice on 2 linked issues.
1. My client is in an AIP. He has a second property he does not occupy (in protracted repairs). The value of this can fluctuate. He is being asked questions about the current valuation. Surely this is part of his retirement provision and so any changes have no effect until the AIP ends (excepting for any change in the tariff income rules)?
2. His mortgage increases in part because of borrowing to pay storage charges (he has no housing costs for mortgage because he occupies another property). I don't think this borrowing can count as income even if he wasn't in an AIP; as he is in an AIP I don't see how it could affect his entitlement - but am I right?
