TRAILER: OLD AGE PENSIONS

The video discusses the increase in old age pensions, detailing the financial adjustments for single and married individuals. It explains the rise in insurance contributions for those under pension age, highlighting the shared cost between employees and employers. The video emphasizes the importance of these contributions in securing a better standard of living for the elderly, ensuring a comfortable and secure old age.

What is the new pension rate for a single person?

• 20 shillings

• 26 shillings

• 30 shillings

• 42 shillings

Who is responsible for paying the increased insurance stamp?

• Only the employer

• The government

• Only the employee

• Both the employee and employer

How much does a woman pay extra for her insurance stamp?

• 11 pence

• 9 pence

• 10 pence

• 12 pence

What is the purpose of national insurance contributions?

• To increase taxes

• To build a better standard of comfort for the elderly

• To reduce government spending

• To provide immediate financial aid

What future benefit is highlighted for young people regarding national insurance?

• A secure old age

• Free healthcare

• Immediate tax relief

• Higher wages