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The Social Fund Cold Weather Payments (General) Regulations 1988 govern the system under the Social Security Contributions and Benefits Act 1992. Each time the local temperature is less than 0 °C (32 °F) for seven consecutive days between 1 November and 31 March then a payment of £25 is made. This is in addition to the Winter Fuel Payment. [1]
From 2024 the benefit was only available to those in receipt of Pension Credit or other means-tested benefit. [33] To be eligible for the benefit in a particular year, a person must have been born before a specific qualifying date (e.g. 23 September 1958 for payments for the winter 2024–2025). [33]
Working Tax Credit (WTC) is a state benefit in the United Kingdom made to people who work and receive a low income. It was introduced in April 2003 and is a means-tested benefit . Despite the name, tax credits are not to be confused with tax credits linked to a person's tax bill , because they are used to top-up low wages.
Alternatively, a man on a low income could apply for Pension Credit on reaching the women's state pension age. This replaced Jobseeker's Allowance payments and he would no longer need to "sign on" at the JobCentre. In both cases, the amount of benefit paid was the same (an additional Pensioner Premium was added to Income-based JSA).
The average American household devotes 8.1% of its income to healthcare, compared to 8.6% for those earning less than $15,000 and 10.9% for those earning between $15,000 and $30,000.
The think-tank Institute for Government defines the UK's cost-of-living crisis as "the fall in real disposable incomes (that is, adjusted for inflation and after taxes and benefits) that the UK has experienced since late 2021". [2] By January 2024, the 12-month Retail Price Index had fallen to 4% after peaking at 11.1% in October 2022, while ...
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Lansley and Reed followed up this report with a second in 2019, that took a closer look at the financial possibilities of universal basic income in the UK. [40] In Basic Income for All: From Desirability to Feasibility, Lansley and Reed claim that "a meaningful basic income of, for example, over £10,000 per year could be paid to a family of ...