Calculate how much your payments will rise if you have children or a 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 month. However, due to payments made in arrears most people will not see a difference until May.
State Pension, disability and most working age benefits will be uprated by 10.1 per cent from April in line with the rate of inflation in September, at a cost of £11 billion to the UK Government. Chancellor Jeremy Hunt is due to announce the Spring Budget on March 15 and will most-likely confirm this increase as he sets out the UK Government's plans to tackle to cost of living crisis.
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.
Universal Credit payment rates from April 2023 The DWP has published a full online guide to the increases for State Pensions, benefits and the increased benefit cap on the GOV.UK website here..Universal Credit Standard allowanceTop Money Stories Today Carer amountYou can find out about the new deduction rates for Universal Credit on the GOV.UK website here.
To keep up to date with the latest benefits news, join our Money Saving Scotland Facebook page here, follow us on Twitter @Record_Money, or subscribe to our newsletter which goes out Monday to Friday - sign up here.
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.
Universal Credit payments to change in Spring as five Bank Holidays announcedThe full list of dates for anybody claiming Universal Credit, State Pension and Benefits in Spring as an additional Bank Holiday is added
Read more »
Two huge changes for millions on Universal Credit that could save you £100sTHE government is making two huge changes for millions of Universal Credit claimants. Under new plans, parents claiming the benefit could save hundreds of pounds on childcare costs. During the Spri…
Read more »
Universal Credit claimants could face 12-month wait over system faultThe DWP was found to only be correcting state pension records when they reach the eligible age
Read more »
Scots lose out on £11.5million a month in Universal Credit paymentsScots have lost out on more than £10million in a month in Universal Credit payments due to a 'poverty tax', official figures reveal
Read more »
Measures must be taken to help those having Universal Credit deductedRecord View says the deductions on monthly payments have a significant impact on struggling families
Read more »
Major change to Universal Credit coming within weeks - check if you're affectedTHOUSANDS of people claiming Universal Credit could see a change to their payments within weeks. It’s vital to take note of when you might get your payment so that you don’t fall short.…
Read more »