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Carer's Allowance is a non-contributory benefit in the United Kingdom payable to people who care for a disabled person for at least 35 hours a week. It was first established as Invalid Care Allowance [ 1 ] in 1976, and married women were not eligible.
The first element, Guarantee Credit, is an income based benefit which is paid if the income of the applicant and partner (plus a notional income from savings) is below a certain level (£218.15 per week for a single person and £332.95 per week for a couple in 2024/25). The aim of Pension Credit is to establish the income of claimants from all ...
Income Support is an income-related benefit in the United Kingdom for some people who are on a low income, but have a reason for not actively seeking work. Claimants of Income Support may be entitled to certain other benefits, for example, Housing Benefit, Council Tax Reduction, Child Benefit, Carer's Allowance, Child Tax Credit and help with health costs.
Charitable grants are available for people who are disabled or ill, carers, bereaved, unemployed, students – and many more. The charity Turn2us has an online tool to search for grants which may ...
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The Retirement Savings Contribution Credit (aka “Saver’s Credit”) is a frequently overlooked tool that can help boost retirement savings even more.
The Care Act 2014, which received royal assent on 14 May 2014, and came into effect on 1 April 2015, [29] strengthens the rights and recognition of carers in the social care system; including, for the first time, giving carers a clear right to receive services, even if the person they care for does not receive local authority funding. [30]
High-yield savings accounts HYSAs are simple bank accounts, but this makes them easy to use and a real asset for your retirement strategy. The best savings accounts are paying 4% or higher APY ...