5. State Benefits and HMRC tax credits Flashcards
x5 Universal credit replacing
- Income support
- Income. based jobseekers allowance
- Income related employment and support allowance
- Working tax credit and child tax credit
- Housing benefit
Working tax credit
top up salary
- disability
- childcare
Income support
Tax free
Not contribution based
Working less then 16 hours
Support for mortgage Interest loan
£100,000 with pension
£200,000
Statutory Maternity pay
Taxed
Contribution baseed
Employed
11 weeks before baby due
paid for 39 weeks
Maternity Allowance
Tax free
Contribution based
Unemployed
11 weeks before baby due
paid for 39 weeks
Child Benefit
Tax free
Means tested
Over £50,000 combined tax is applied
Child tax credit
16 or under 20 if in education
Statutory sick pay
Taxable
sick for 4+ days
up to 28 weeks
Employment and support allowance
ill or disabled people
2 types:
- contribution based
- Means tested
Attendance allowance
65+
Means tested
Support with care
Day and night support
Disability Living allowance PIP
Tax free
help with personal care
Two types of components - Care and mobility
Carers Allowance
Taxable
Paid to career
Basic State Pension
Sufficient NI paid for 30+ years
Self employed and employed
Additional state pension
Top up pension