State Benefits

Question 1

Helen, aged 67 and single, has a weekly income of £141 and £12,100 in savings. How much weekly Guarantee Credit will she be entitled to?

A. £17
B. £18
C. £21.25

Answer 1

£21.25

Question 2

Harold, ages 68 and single, has weekly income of £158 and savings of £8,000. How much weekly Savings Credit, if any, will he be entitled to?

A. Nil
B. £8.17
C. £13.40

Answer 2

£8.17

Question 3

Mark the following statements regarding Income Support as True or False.

i. In order to claim, someone must be working for less than 12 hours per week
ii. It will be reduced for anyone with capital over £6,000
iii. It is dependent on NI contributions
iv. It is tax-free

Answer 3

False
True
False
True

Question 4

Mark the following statements regarding Attendance Allowance as True or False.

i. It is for those aged 60 or over
ii. It is payable at one of 2 rates
iii. It is not means-rested
iv. It is taxable

Answer 4

False
True
True
False

Question 5

For how long must someone who reached state pension age before 6 April 2016 have paid (or been credited with) National Insurance to receive a maximum old (basic) state pension?

A. 25 years
B. 30 years
C. 35 years

Answer 5

30 years

Question 6

How is the new state pension increased each year in payment?

A. In line with prices only
B. By the lower of prices, earnings or 2.5%
C. By the higher of prices, earnings or 2.5%

Answer 6

By the higher of prices, earnings or 2.5%