SHG is pleased to announce that all recipients of Basic Island Pension (BIP) and Income Related Benefits (IRB) will receive an increase in their weekly allowance from 3 April 2015. This was agreed by Executive Council at its meeting today, Tuesday 31 March 2015.
The new rates will be paid from Thursday 9 April 2015, and result from a revision of the Minimum Income Standard used for the setting and up-grading of Basic Island Pension and Income Related Benefits.
From 3 April, BIP recipients currently receiving £53.53 will receive £56.80 per week. Those receiving £40.15 will receive £42.60 and those receiving £26.77 will receive £28.40.
From this date, IRB recipients will receive an increase in their weekly benefit from £51.64 to £54.90 and additional adult members of the household will be awarded £31.90.
Households receiving benefits under ‘Transitional Protection’ may not necessarily receive an increase in the current overall amount of benefits, as this will depend upon the amount of benefit they are transitionally protected by. These households will continue to receive the same amount of benefits as they did before the increase.
Corporate Finance will be distributing letters to all recipients of Basic Island Pension and Income Related Benefits informing them of their new weekly entitlement.
SHG would also encourage those who believe they may be entitled to IRB or BIP to contact the Benefits Team to discuss their enquiry further. The team can be contacted on 22605 or through its office on the 1st floor of the Post Office Building.
31 March 2015