New Universal Credit payment rates from next week including extra top-ups

United States News News

New Universal Credit payment rates from next week including extra top-ups
United States Latest News,United States Headlines
  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 89%

Check how much your payments will rise if you have children or limited capability for work

An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions and HM Revenue and Customs will see their payments go up by 10.1 per cent next week. However, due to payments made in arrears most people will not see a difference until May.

The uprating means that on average, a family on Universal Credit will benefit by around £600 this year. The benefit cap will also rise in line with inflation, this will see it increase from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally - lower caps for single households without children will rise from £15,410 to £16,967 in Greater London and from £13,400 to £14,753 nationally.

The £301 payment will be sent out automatically to the account used by claimants for their qualifying benefit, which means nobody needs to apply for the financial support - if you receive a text, email or phone call asking you to make a claim for any cost of living payment, it is a scam. Payments will appear on accounts as ‘DWP COLP’, along with the claimant’s National Insurance number.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Record /  🏆 9. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More people on Universal Credit can now get faster mortgage help from DWPMore people on Universal Credit can now get faster mortgage help from DWPAn additional 200,000 Universal Credit claimants can now access the Support for Mortgage Interest loan scheme.
Read more »

The DWP benefits including Universal Credit and PIP rising after Easter weekendThe DWP benefits including Universal Credit and PIP rising after Easter weekendEvery year, benefits are subjected to an increase that is in line with the recorded inflation for the previous September
Read more »

People urged to check tax code for errors before new financial year beginsPeople urged to check tax code for errors before new financial year beginsYour tax code is the number that tells your employer or your pension provider how much tax to deduct from your income
Read more »

UBS chair warns of ‘significant execution risks’ in Credit Suisse deal\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »

Risky AT1 bonds rebound from plunge after Credit Suisse wipeout\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »

The Super Mario Bros Movie credit scene teases a beloved characterThe Super Mario Bros Movie credit scene teases a beloved characterWahoo!
Read more »



Render Time: 2025-03-01 21:34:23