After achieving a certain milestone, Universal Credit claimants may receive an extra £65.
UNIVERSAL CREDIT payments are customized to each person’s needs and are intended to cover essential expenses such as rent. The amount of the monthly standard allowance, on the other hand, will be determined by the claimant’s age and marital status.
Universal Credit payments are made up of two parts: regular allowances and any additional payments for things like rent and childcare. While compensation may differ depending on the claimant, some will receive additional money once they accomplish certain milestones.
Claimants under the age of 25 who are single will receive a monthly basic allowance of £344.
Claimants aged 25 and up, on the other hand, will receive £411.51, an increase of more than £65.
Coupled claimants will also benefit, with those under the age of 25 receiving £490.60 for both.
This will be increased to £596.58 when one of the partners reaches the age of 25.
These basic allowances were boosted by about £20 per week, or £1,040 per year, in early 2020, and the Government has stated that these increases will be phased out from October 6.
While every Universal Credit claim will lose roughly £85 per month, the percentage of income claimants who will lose money may vary based on their circumstances.
Citizens Advice has depicted how different age claimants’ standard allowances will be reduced from October 6:
This follows improvements to the National Living Wage (NLW), which were extended to younger workers in April by the government.
The NLW age limit was lowered from 25 to 23, indicating that the state recognizes that living costs are a problem for people of all ages.
Thousands of young workers will be eligible for a higher wage floor as a result of the NLW amendments, which were adopted in response to the Low Pay Commission’s recommendations to the government.
“This has been an exceptional year for all of us, but notably for minimum wage workers, many of whom have worked in frontline roles throughout the epidemic or in the industries that have been severely hit by lockdown measures,” said Bryan Sanderson, Chair of the Low Pay Commission.
“The hike in the NLW this week is the first step toward the Government’s goal of two-thirds of median wages.
“It’s a real-terms gain, which means an hour of work now buys more than it did at the start of the.”Brinkwire Summary News”.