As ‘income gaps’ are discovered, Britons are turning to Universal Credit and PIP – could you benefit?
UNIVERSAL CREDIT, PIP, and other government assistance have proven to be a “plug” for many Britons as the effects of COVID-19 continue to be felt.
The Department for Work and Pensions (DWP) offers Universal Credit, PIP, and other payments to aid people with their finances. Those on a low income or out of work can apply for Universal Credit, while those with a health condition or disability can apply for PIP. Barnett Waddingham’s research has revealed the pandemic’s consequences over the last 18 months, with a significant increase in people needing financial assistance during the outbreak.
Others have resorted to the government for assistance, while some have sought closer to home for help from friends and family.
According to the report, a quarter of employees have looked into their eligibility for state benefits, with a fifth expecting to do so in the near future.
The percentage of those living with disabilities, on the other hand, is substantially higher, at 42 percent, compared to only 24 percent of those without disabilities.
This has demonstrated how payments like Universal Credit and PIP may be a lifeline, especially in times of hardship.
Millions of people have applied for Universal Credit, and extra help has been granted in the form of a £20 per week temporary increase.
To be eligible, you must be unemployed or on a low income, live in the United Kingdom, and be 18 or older in the vast majority of situations.
They must be under the age of state pension and have no more than £16,000 in savings.
Due to the increase in unemployment as a result of the epidemic, it is apparent that the payout was beneficial.
With the vacation set to end in September, fears of redundancies could mean that many more people will be dependant on this type of payment.
“The pandemic has compromised job security for a swathe of UK employees who have faced furlough, salary cuts, or job loss in the past year – and even if it hasn’t directly affected them, it’s highly likely that people will have seen a change in the working status of their family in some way,” David Collington, Principal at Barnett Waddingham, told This website.
“Following an unprecedented and tough year, many have looked to the government for help, counsel, and a way to fill a potential income gap.
“However,” says the Brinkwire Summary News.