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Cii - RO5 Financial Protection 2020/21 > Chapter 3- State Benefits > Flashcards

Chapter 3- State Benefits Flashcards

1
Q

Which act introduced universal ?

A

Welfare reform act 2012

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2
Q

Who is eligible for the Bereavement Support Payment?

A

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

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3
Q

How is the Bereavement Support Payment taxed?

A

It isn’t and is not included in the benefit cap.

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4
Q

How much does the Bereavement Support Payment pay out?

A

With children - £3500 then £350 a month for 18 months

Without children- £2500 then £100 a month for 18 months

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5
Q

What benefits did the Bereavement Support Payment replace from April 2017?

A

Bereavement Payment, Widowed parents allowance and Bereavement allowance

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6
Q

What was the age limit for the Bereavement Payment?

A

SPA

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7
Q

How much was the Bereavement Payment?

A

£2000 tax free (dependant on deceased’s NICs)

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8
Q

How much was the basic Widowed Parents Allowance?

A

£121.95 a week, taxable and dependent of NICs

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9
Q

How long was the Bereavement Allowance paid for?

A

52 weeks

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10
Q

Who was eligible for the Bereavement Allowance?

A

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

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11
Q

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

A

Capital over £16,000

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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
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13
Q

What are the conditions for contribution based JSA?

A

NIC dependent
Not means tested
Last max 6 months

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14
Q

What is taken into account for income based JSA?

A

Claimants and partners income and savings

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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

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16
Q

Who pays Statutory Sick Pay?

A

The Employer

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17
Q

Is Statutory Sick Pay taxable?

A

Yes

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18
Q

How much is Statutory Sick Pay?

A

£95.85 a week

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19
Q

How long does Statutory Sick Pay last?

A

28 weeks

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20
Q

What’s the aim of ESA?

A

To help people return to work after sickness or disability

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21
Q

When does ESA cease?

A

At SPA

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22
Q

How long is the assessment phase of ESA?

A

13 weeks

23
Q

What is the outcome with regards to ESA if terminally ill?

A

Fast tracked to the Support group + £113.55 a week

24
Q

If able to do some work, following the assessment phase, which ESA group would they go into?

A

Work-related activity group
74.35pw
Work focused interviews from wk 8

25
Q

What is ESA being replaced by?

A

Universal Credit

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
  1. Non means tested,
  2. Non NIC dependent
  3. Tax free
  4. Consists of a daily living component and mobility component
29
Q

Who is eligible for PIP?

A

Age 16 - SPA
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,

30
Q

Who is eligible for Attendance Allowance?

A

SPA+ 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

Cares for DLA, PIP or AA recipient.

Working Age earning less than £128 a week after certain deductions.

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 £16,385 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 
Over 16 and working at least 16 hours with children 
or 
Over 25, working 30+ hours without kids
or 
Over 16, over 16 hrs and disabled
39
Q

What is the aim of Working Tax Credit?

A

To top up earnings for those on low incomes

40
Q

Who pays and administers Tax Credits?

A

HMRC and DWP respectively.

41
Q

What is the aim of Housing Benefit?

A

To help with costs of rent.

42
Q

Who is entitled to Housing Benefit?

A

Anyone eligible for job seekers allowance, income based ESA or pension guarantee credit will be ‘passported’.

43
Q

How long before Support for Mortgage Interest is paid and in what form?

A

After 39 weeks
Straight away if on Pension Credit
As a loan until property is sold

44
Q

What benefits is Universal Credit replacing?

A
  1. Income support,
  2. Income based JSA,
  3. Income related ESA,
  4. Housing benefit,
  5. CTC
  6. WTC
45
Q

How is Universal Credit paid?

A

Monthly, tax free, into a bank account by DWP

46
Q

How is the Benefit Cap applied?

A

As a deduction in housing benefit

47
Q

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

A

35 years

48
Q

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

A

10 years

49
Q

What is the future for SPA?

A

Nov 2018- 65 for both
2020- 66
2026-2028- 67
2037-39 - 68

50
Q

What were the 3 components of the legacy State Pension?

A

Basic state pension,
SERPS (State Earnings Related Pension Scheme)
S2P (State Second Pension)

51
Q

Is JSA taxable?

A

Yes

52
Q

Is Income Support Taxable?

A

No, unless on strike.

53
Q

In claiming ESA how long will it take to enter the assessment phase?

A

28 weeks for employed

3 days for Self-employed

54
Q

What is State Pension Credit?

A

Available to those 65+ before 6 Apr 2016
Guarantee Credit
Savings Credit

Cii - RO5 Financial Protection 2020/21 (11 decks)

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