|
SOCIAL SECURITY PENSION AND BENEFIT RATES
All
current Social Security Benefit, Pension and
Contribution rates can be found in leaflet GL23.
RETIREMENT
PENSION - SUMMARY OF COMPONENTS.
Weekly rates from April 2000.
|
Basic Pension
|
On own or late husband’s insurance
|
Up to £67.50 maximum, depending on number of
qualifying years.
|
|
Married Woman
|
On husband’s insurance
|
Up to £40.40
|
|
Increase for a dependant wife
|
Under age 60
|
Up to £40.40
|
|
Typical rate for a married couple
|
|
£107.90 |
|
Graduated Retirement Benefit
|
1 unit (8.77p)
|
For every £7.50 paid (men); £9.00 (women)
Maximum possible men (86 units) £7.54 women (72
units) £6.31
|
|
Additional Pension
|
SERPS – not contracted out
|
Earnings related
|
|
Extra Pension (increments)
|
For putting off claiming your pension
|
7.5% a year – maximum 5 years.
|
|
Age Addition
|
Payable at age 80
|
£0.25 |
|
Annual Christmas Bonus
|
Paid in December
|
£10.00 |
|
Annual Winter Fuel Payment
|
£150 per
household |
Anyone over 60 is now eligible.
|
|
|
|
|
INCAPACITY
BENEFIT |
|
|
Single
person:
Short-term lower rate. (weeks
0 - 28) ................................................
Short-term higher rate
(weeks 29 - 52)
..............................................
Long-term rate........ (week 53
onwards)
............................................
Age Additions - from under age 35 ......................................................
- from age 35-44
..........................................................
Increase for a dependent wife.(Long-term rate) ..............................................
Long-term rate for a Married Couple ...............................................................
|
£50.90
£60.20
£67.50
£14.20
£ 7.10
£40.40
£107.90 |
|
|
|
|
EARNINGS
RULES
|
|
|
For
Adult dependants living with you:
Retirement Pension ................................................................................
Short-term Incapacity Benefit .................................................................
Long-term Incapacity Benefit .................................................................
NB
Occupational or Personal Pensions paid to your partner count as earnings
|
£52.20
£31.50
£52.20
|
|
|
|
|
CAN'T
MANAGE?
|
|
|
Claim
Income Support from DSS (savings limit £8,000*) and/or Housing Benefit
and Council Tax Benefit from your Town Hall or Civic Centre (savings limit
£16,000) If unemployed claim Income-based Jobseeker's
Allowance at the Jobcentre (savings limit £8,000).
*£12,000
from April 2001
|
|
|
Top