Benefit year

A benefit year is a 12-month period in which individuals are eligible to collect compensation, typically related to insurance policies or unemployment benefits.[1][2]

Not to be confused with the method of financially rewarding sportspersons, the Benefit (sports) or for English county cricketers, the Benefit season.

In the United Kingdom, the Jobseeker's Allowance for individuals who have contributed to National Insurance is paid during a benefit year that runs from the first Sunday in January until the Saturday before the first Sunday in January.[3] It is distinct from the UK tax year which runs from 6 April to 5 April each year.[2]

References
  1. "benefit year". Merriam Webster Dictionary. Retrieved 2024-06-25.
  2. Iacurci, Greg (December 1, 2020). "Laid off again? Here's what you need to know about collecting unemployment benefits". CNBC. Retrieved 2024-06-25.
  3. Jenkin, Matthew (6 April 2024). "National Insurance, benefits and state pension". Which?. Retrieved 2024-06-25.
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