Universal Credit provides low income Britons with monthly payments to help make ends meet, which can greatly vary depending on their circumstances. Meeting these specific requirements and sticking to one’s claimant commitments could see Britons receiving over £6,000 every year.
Universal Credit is a benefit for those looking for work or on a low income and mainly takes into account one’s expenses and income to decide the rate they will receive.
To claim, Britons must meet all of the below criteria:
- Live in the UK
- Aged 18 or over
- Under the state pension age
- Have £16,000 or less in money, savings and investments.
EU, EEA or Swiss citizens staying in the UK may need settled or pre-settled status under the EU Settlement Scheme to get Universal Credit.
Additionally, claimants living with their partners will need to make a joint claim for the entire household regardless of whether their partner is actually eligible.
This means that the amount claimants receive are also impacted by their partner’s income and savings.
If only one person in a household has reached state pension age they must still claim Universal Credit as a couple although the claim will stop when both parties reach state pension age.
DONT MISS:
In terms of standard allowances, those under the age of 25 will receive £257.33 per month if they are single and £403.93 if they are in a couple and both parties are under 25.
Single claimants over the age of 25 can receive £324.84 and couples can receive £509.91.
Claimants are able to get extra amounts depending on their situation.
Having children will increase the amount claimants receive. The rate of which depends on circumstances such as when the child or children were born.
An additional amount is added for any disabled or severely disabled child regardless of when they were born or how many other children one has.
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