Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

CII - R05 Financial Protection > Chapter 3- State Benefits > Flashcards

Chapter 3- State Benefits Flashcards

1
Q

Which act introduced universal credit

A

Welfare reform act 2012

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Who is eligible for bereavement support payment

A

Anyone irrespective of age, who’s spouse has passed away

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Do you pay tax on bereave,net supportpayment

A

No

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How much does bereavement support payment pay out

A

With children - £3500 then £400 a month for 18 months

Without children- £2500 then £100 a month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What benefits did bereavement support payment replace from April 2018

A

Bereavement payment,widowed parents allowance and bereavement allowance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What was the age limit for bereavement payment

A

Spa

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How much was bereavement payment

A

£2000 tax free

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

How much was widowed parents allowance

A

£113.70 a week,taxable and dependent of NICs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How long was bereavement allowance paid for

A

52 weeks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Who was eligible for bereavement allowance

A

Between 45 and SPA with sufficient NICs and not entitled to widowed parents allowance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the usual limit to be eligible for income related benefits

A

£16,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Who is eligible for income support

A 
Between 16 and SPA
Not in full time education 
Low income 
Work less than 16hrs a week 
Not receiving JSA or ESA
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the conditions for contribution based JSA

A

NIC dependent
Not means tested
Last max 6 months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is taken into account for income based JSA

A

Claimants and partners income and savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Who is eligible for statutory sick pay

A

Anyone who pays class 1 NIC and is unable to work due to sickness for over 4 days in a row

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Who pays statutory sick pay

A

Employer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Is statutory sick pay taxable

A

Yes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

How much is statutory sick pay

A

£89.35 a week

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

How long does statutory sick pay last

A

28 weeks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What’s the aim of ESA

A

To help people return to work after sickness or disability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

When does ESA cease

A

SPA

22
Q

How long is the assessment phase ofESA

A

13 weeks

23
Q

What is the outcome with regards toESA if terminally ill

A

Support group + £109.65 a week

24
Q

If not terminally ill and assessed as eligible for ESA following the assessment phase

A

Work related activity group
Receive up to £102.15 a week
Work fo cussed interviews

25
Q

Is ESA being replaced by universal credit

A

Yes

26
Q

When was personal independence payment introduced

A

Welfare reform act 2012

27
Q

What is PIP replacing

A

Disability living allowance

28
Q

What are the features of PIP

A

Non means tested, non NIC dependent.. Consists of a daily living component and mobility component

29
Q

Who is eligible for PIP

A

Difficulties with activities of daily living or mobility which have lasted at least 3 months and are expected to persist for at least 9 months,
Must be of working age

30
Q

Who is eligible for attendance allowance

A

65+ suffering from severe disability for over 6 months

31
Q

What are the features of disability living allowance

A

Tax free, not means or NIC dependent

32
Q

Who is eligible for carers allowance

A

If earn less than £116 a week after certain deductions and are a carer

33
Q

Who is eligible for child benefit

A

Anyone with children up to 16/20 in full time education up to earning £50,000 after which amount is reduced 1% for every 100 over the limit

34
Q

Is child tax credit means tested

A

Yes

35
Q

What is the max amount of child tax credit you can receive

A

545 a year

36
Q

Who is eligible for child tax credit

A

Earning below £16,105 after which it is reduced by 41p for every £1 over, based on joint income

37
Q

What tactic can be used to reduce income to receive CTC

A

Pay into a personal pension plan

38
Q

Who is eligible for working tax credit

A

Working at least 16 hours with children or 30 hours without

39
Q

What is the aim of working tax credit

A

To top up earnings

40
Q

Who pays and administers tax credits

A

Hmrc and dwp

41
Q

What is the aim of housing benefit

A

To help with the cost of rent

42
Q

Who is entitled to housing benefit

A

Anyone eligible for job seekers allowance, income based ESA or pension guarantee credit

43
Q

How long is support for mortgage interest paid

A

After 39 weeks for max of 2 years for someone on JSA

44
Q

Who is eligible for support for mortgage interest

A

Earning under 16,000

45
Q

What benefits is universal credit replacing

A

Income support, income based JSA, income related ESA, housing benefit, CTC and WTC

46
Q

How is universal credit paid

A

Monthly into a bank account by DWP

47
Q

How is the benefit cap applied

A

A deduction in housing benefit

48
Q

How long must you have paid NICs to receive the full state pension

A

35 years

49
Q

What is the minimum number of NICs needed to claim any state pension

A

10 years

50
Q

What is the outlook for spa

A

Nov 2018- 65 for both
2020- 66
2026-2028- 67

51
Q

What were the 3 components of the legacy state pension

A

Basic state pension, serps, s2p

CII - R05 Financial Protection (11 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions