EIM76003 - Social security benefits: rates of
social security benefits payable
Forms P242 show the standard basic rates of the main taxable
benefits for each tax year. Only use these forms as a guide because
often a different amount is payable, as shown below:
- many retirement pensioners get more than
the basic State pension. This may be because of the
earnings-related part of the pension or because the pensioner
earned extra pension by deferring retirement beyond State pension
age (see
EIM74602)
- the full standard basic rate of pension or
benefit may not be payable if the individual has only partially
satisfied the contribution conditions
- if a claimant, or a dependant for whom he
or she receives benefit, goes into hospital, the amount of benefit
payable may be reduced (see
EIM76006)
- where someone is entitled to more than one
social security benefit, normally both amounts will not be payable
in full.
EIM76007 has details about overlapping
benefits.
