4. Retirement allowance
Retirement allowance is a reduced rate of reduced earnings allowance (REA – see
here) for people over pension age, paid for life.
•you are over pension age (see
here);
•you have given up regular employment;
•you were entitled to REA at a rate of at least £2 a week (in total, if you had more than one award) immediately before you gave up regular employment;
•you are not entitled to REA.
You can only get one award of retirement allowance, even if you had more than one award of REA.
2TA v SSWP (II) [2010] UKUT 101 (AAC)The amount of retirement allowance you get is £18.20 a week or 25 per cent of the amount of REA you were receiving, whichever is the lower. There are no increases for dependants.