How much you are entitled to will depend on your circumstances.
If you rent your home from a private landlord and you are eligible for Housing Benefit, the amount of benefit you can receive is based on Local Housing Allowance rules.
Housing Benefit is a payment you can receive to assist you with the rent you are liable to pay for the property you occupy.
It is only available to those on a low income or receiving benefits and have savings less than £16,000.
Non-qualified stock option grants are tax deductible by the company that provides them.
Since the grant is provided at a specific price, which is usually lower than the market value for the company's stock, employees who choose to take advantage of this opportunity pay income tax on the difference between these two prices upon purchase.
For customers in receipt of Universal Credit, Housing Costs will be paid within the Universal Credit award and will replace Housing Benefit.
At that point, the employee has nonforfeitable rights to half the reward, even if employment is ended.
There are specific Housing Benefit rules that apply when you start work.
This is an overview of those rules - if you require more detailed information about your own circumstances please call us on 03448 920 902.
For businesses, a grant usually refers to the award of options on the company's stock given to an employee to elicit loyalty and incentivize strong job performance. After the waiting period, the employee can then exercise these stock options, or sell granted shares.
Stock option grants are usually offered to employees after they have worked at the company for a set period of time.