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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 2001.

Basic Pension On own or late husband’s insurance Up to £72.50 maximum, depending on number of qualifying years. 
Married Woman  On husband’s insurance Up to £43.40
Increase for a dependant wife Under age 60 Up to £43.40
Typical rate for a married couple   £115.90
Graduated Retirement Benefit 1 unit (9.06p) For every £7.50 paid (men); £9.00 (women)

Maximum possible men (86 units) £7.79 women (72 units) £6.52

 
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 £200 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   ...............................................................

 

£52.60
£62.20
£69.75
£14.65
£ 7.35
£41.75
£111.50
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

 



£53.05
 £32.55
£53.05
CAN'T MANAGE?
Claim Income Support from DSS (savings limit £12,000) 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).    
ARCHIVE:

SOCIAL SECURITY PENSION AND BENEFIT RATES 2000

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