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Backdating for pension age claimants Your housing benefit will be automatically backdated for up to 3 months if you're pension age.Your claim is backdated to the date you reached pension credit age or the date you have to pay rent from if this is later.In our example, backdating the options is the same as giving John Doe a check for ,000 -- without recording that ,000 on the income statement as compensation.That, in turn, understates the company's expenses and overstates its profits, which is a violation of generally accepted accounting principles and has been the grounds for a variety of fraud and miscellaneous charges from federal, state and local regulators.Under normal circumstances, he pays the per share exercise price and can turn around and sell those shares on the exchange for each, netting a profit of per share, or ,000 total.But if John's options are backdated, then his exercise price is only per share.However, you may be able to get housing benefit paid for a limited period before you made your claim The start date of your claim can be backdated for a maximum of: There may be other good reasons why you have claimed late.We will look at your individual circumstances and decide whether your delay in claiming was reasonable.

Contact a voluntary organisation (for example Citizens Advice or Age UK) in your area - or get a friend or family member to call the helpline to ask for a paper application.If you reached State Pension age before 6 April 2016, you’ll get the basic State Pension.The most you can currently get from the basic State Pension is £129.20 a week.Let's say that John now decides to exercise his stock options.On the day he decides to exercise his options, Company XYZ shares are trading at .

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