SilverPot - Social Security Pension And Benefit Rates 2003

Basic Pension	On own or late husband’s insurance	Up to £77.45 maximum, depending on number of qualifying years.
Married Woman	On husband’s insurance	Up to £46.35
Increase for a dependant wife	Under age 60	Up to £46.35 (see earnings rule) ***
Typical rate for a married couple		£123.80
Graduated Retirement Benefit Based on N.I. contributions paid between April 1961 and April 1975	1 unit (9.21p)	For every £7.50 paid (men); £9.00 (women) Maximum possible men (86 units) £7.79 women (72 units) £6.52
Additional Pension State Second Pension Inheritance of SERPS	SERPS – not contracted out ( from 1978 to 2002) - only available to employees. From 6 April 2002 SERPS will be reformed to provide more additional state pension for low and moderate earners, certain carers and people with long-terms illness or disability. If your husband or wife is due to reach state pension age on or after 6 October 2010, you will receive up to 50% of their SERPS when they die. If your husband or wife is due to reach state pension age after 5 October 2002 but before 6 October 2010, when they die you will receive a maximum of between 90% and 60% of their SERPS. Exact amount depends on when they reach state pension age. If your husband or wife is due to reach state retirement pension age before 6 October 2002, you will receive up to 100% of their SERPS when they die If you are already a widow or widower you can get up to 100% of your late husband's or wife's Additional Pension	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.
Annual Winter Fuel Payment for 80 year old and over	£100 additional payment starting September 2003