Unit 3 Topic 2 Flashcards
What is attendance allowance?
Payable to those over state pension age who have a long-term illness or disability that means they cannot perform basic daily living activities or have limited mobility.
What is a benefits cap?
A limit to the total amount in some benefits that working-age people can receive, even if their full entitlement would otherwise be higher.
What is carer’s allowance?
Paid to anyone over 16 who spends 35 hours per week or more looking after someone who has substantial care needs.
What is child benefit?
Money paid to parents or other people who are responsible for bringing up a child.
What is this referring to?
A benefit paid to people who are in low-paid work, to help with the costs of bringing up a child. This benefit is being replaced by Universal Credit, so it is closed to new applicants unless they are already claiming Working Tax Credit.
Child Tax Credit
What is the consumer prices index (CPI)?
How is it calculated?
What does this enable statisticians to do?
One of the means the government uses to measure inflation.
It is calculated by checking the price of a representative sample of goods on a monthly basis.
It enables statisticians to measure how much prices are rising or falling.
What are contributory benefits?
Benefits paid to eligible claimants providing they have paid the required number of National Insirance contributions (NICs).
What is employment and support allowance?
Provides an income directly from the state when sickness or disability prevents you from working.
What does GDP refer to?
The value of all the goods and services produced within a country over a year.
What was housing benefit? What is it being replaced by?
An older benefit which was paid to those who had low incomes to help with their housing costs.
It is being replaced by Universal Credit, so only people fulfilling certain criteria can make a new claim for Housing Benefit.
What is this referring to?
An older benefit designed to provide a ‘safety net’ for those not eligible for other unemployment and sickness allowances, to provide money to pay for basic needs. It has now been replaced by Universal Credit.
Income Support
What is jobseeker’s allowance?
The main benefit for those of working age who are not working full time but are able to work.
Define ‘life expectancy’
The number of years that people are expected, on average, to live, based on the year in which they are born.
What happens to means-tested benefits?
Means-tested benefits are reduced if your household income is above a certain level or you have more than £6,000 in savings.
What are non-contributory benefits?
Benefits paid to eligible claimants who have either not paid enough NICs to claim contributory benefits or need a ‘top-up’ payment because the contributory benefits they receive do not meet their income needs.
What is this referring to?
Payable to those aged between 16 and state pension age who have a long-term illness or disability that means they are unable to perform basic daily living activities or have limited mobility.
Personal Independence Payment
What is recession?
A period of at least six months in which the amount of goods and services the country is producing is shrinking.
What is state pension?
A benefit that people receive from the state once they reach a certain age, providing theu have paid or been credited with enough National Insurance contributions.
