Universal Credits

What Are They ?

Universal Credits is the new benefit replacing all existing benefits for people out of work or on low incomes
It will roll all the following benefits into one monthly payment:

Housing Benefit

Child Tax Benefit

Income Support

Working Tax Credit

Job Seekers Allowance

Employment and Support Allowance

Who Claims Them?

All new claims to benefits will be under the new system, dependant of the area you live existing claimants of benefit maybe asked to claim under the Universal Credit system

There are no limits to the number of hours a week you work, the amount you are entitled to will be reduced by the amount you earn

How Do You Make A Claim?

All Claims are done online at https://www.gov.uk/apply-universal-credit

How Does it Work?

Day 1 – Claim

Day 7 – Assessment Date – From February 2018 this will be the same dates as the claim

Assessment Date + 1 Month -Payment Due

Payment Due + 7 Days – Payment made direct to bank

Entitlement

The amount you receive will be reduced by 63p for every £1 you earn

It is also reduced by £1 for every £1 you receive in benefits outside of universal tax credit such as SSP, State Pension & SMP

Child Benefit, Maintenance payments, DLA, Personal Independence Payments will not affect any payment

Savings above £6,000 will reduce the entitlement by £4.35 for every £250 over £6,000

There is no entitlement if you have savings above £16,000

Capped at average earnings per month – £2,167 couples/lone parents £1,517 singles

How Much Will I Get?

https://www.betteroffcalculators.co.uk/#/free

https://www.entitled.co.uk/help/calculating-universal-credit