Supplementary benefits

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Updated: Aug 20, 2021

Gratuitous payments made by the Department of Social Security, under the Supplementary Benefits Ad 1966, to persons who by reason of unemployment, retirement, sickness or any other social deprivation are in need of aid in addition to the statutory payments made under the National Insurance Acts. The benefits are usually in case but may take the form of free travel, domestic aid, free dental treatment, free prescriptions, subsidies towards household furniture or special rent and rate rebates. The system of supplementary benefits supplanted the old National Assistance Board.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.