Everyone on Universal Credit urged to claim extra | U.Okay.Finance News
It’s a benefit claimed by thousands and thousands of people up and down the UK however you may not realise how Universal Credit could make you eligible for different handouts value tens of 1000’s of kilos per yr.The money, paid in money, is completely free and doesn’t need to ever be repaid and received’t have an effect on your future Universal Credit quantity both.A common false impression is that Universal Credit is just for people not in work, whereas really as of 2023, there have been 2.4 million people in work whereas claiming Universal Credit. That means 38% of all people claiming the benefit are literally in work and having to claim UC as a top-up to their low income.A report by the federal government mentioned: “Universal Credit is available to people on a low income as well as those who are out of work.“There were 2.4 million people on Universal Credit in employment for December 2023, 38% of all people on Universal Credit. This figure has been stable since January 2023.”The greatest single benefit enhance for people on Universal Credit is for these with youngsters.If you claim Universal Credit, you can too claim back up to 85 p.c of your childcare prices, as long as you might be working or about to begin working – ie a provable job offer.The most quantity you may claim back is £1,739.37 for 2 youngsters or more, which is a very helpful £20,827.44 per yr. Although Universal Credit will increase yearly consistent with inflation, this childcare prices cost has stayed the identical yr on yr.The authorities explains: “If you pay for childcare while you go to work, Universal Credit can pay some of your childcare costs. This includes holiday clubs, after-school clubs and breakfast clubs. If you live with a partner, you both need to be working, unless your partner cannot look after your children.”You will solely get the money back with Universal Credit after the childcare really occurs.”If you pay for childcare after it’s been provided, we usually pay back your costs in the same assessment period that you report them.”You ought to strive to prepare month-to-month funds together with your childcare supplier and report these prices as quickly as they’re paid. This ought to imply your childcare prices are included in your Universal Credit each evaluation period.Other advantages you may claim on Universal Credit embody a £1,500 power payments grant and a council tax discount value an average of about £2,000 in opposition to a typical Band D property in addition to about £328 in direction of water payments.Several power companies offer power invoice grants for these on Universal Credit which can be utilized to wipe off arrears and you can too apply for little-advertised social tariffs which offer cheaper charges.This is similar as water payments – again, water companies usually offer discounted social tariffs which might see you issued a lot decrease payments than regular.
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