-
What's new
- All What's new
-
European
- What's new - All
- <hr>
- What's new - last 24 hrs
- What's new - last 7 days
- What's new - last 30 days
- <hr>
- New EU Legislation
- European Commission
- European Banking Authority
- European Securities and Markets Authority
- European Insurance and Occupational Pensions Authority
- <hr>
- Consultations and similar
- Commentaries
- <hr>
- Downloads and Exports
- Latest news by Topics
-
International
- What's new - All
- <hr>
- What's new - last 24 hrs
- What's new - last 7 days
- What's new - last 30 days
- <hr>
- Bank for International Settlements
- Basel Committee on Banking Supervision
- Egmont Group
- International Association of Insurance Supervisors
- International Monetary Fund
- <hr>
- Consultations and similar
- Commentaries
- <hr>
- Downloads and Exports
- Latest news by Topics
- Downloads and Exports
- Legislation
- Organisations
-
Commentaries
- Consultations
- Sanctioned regimes
- IFRSs
- Regulatory calendar
- Quicklinks
-
More
Table of Contents
Page Overview
Document Overview
AI Summary of 150. Rate of allowance (including increases for qualified adult and qualified children).
The scheduled rate of pre‑retirement allowance is the weekly rate shown in column (2) of Part 1 of Schedule 4, increased by the amount in column (3) for any period in which the claimant or beneficiary has a qualified adult (limited to one person) and by the appropriate amount in column (4) for each qualified child who normally resides with the claimant or beneficiary.
Pre‑retirement allowance is payable subject to weekly means: where weekly means are less than €1 the scheduled rate is payable; where equal to €1 the scheduled rate is reduced by €1; where they exceed €1 the scheduled rate is reduced by €1 for each €1 by which weekly means exceed €1. No allowance is payable if weekly means equal or exceed the scheduled rate. Any increase under paragraph (1)(b) for a qualified child residing also with the claimant’s spouse, civil partner or cohabitant is payable at one‑half where that person is not a qualified adult or falls within section 149(4); paragraph (1)(b) is to be read accordingly.
AI Disclaimer
Please note that AI-generated content should not be considered legal advice. Users are encouraged to consult with qualified professionals or legal advisors where specific legal guidance is required.
We are committed to transparency and responsible use of AI in a way that supports, but never replaces, human expertise.
If you have any questions or concerns about the use of AI on our platform, please feel free to contact us.
150. Rate of allowance (including increases for qualified adult and qualified children).
(1) Subject to this section and section 144, the rate of pre-retirement allowance (in this Chapter referred to as "the scheduled rate") shall be the weekly rate set out in column (2) of Part 1 of Schedule 4 increased by -
(a) the amount set out in column (3) of that Part for any period during which the claimant or beneficiary has a qualified adult, subject to the restriction that the claimant or beneficiary shall not be entitled to an increase under this paragraph in respect of more than one person, and
(b) the appropriate amount set out in column (4) of that Part in respect of each qualified child who normally resides with the claimant or beneficiary.
(a) Subject to paragraph (b), pre-retirement allowance shall be payable where the weekly means of the claimant or beneficiary -
(i) are less than €1, at the scheduled rate,
(ii) are equal to €1, at the scheduled rate reduced by €1, and