Universal Credit cut: When will it take place and how much money will I lose?

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SIX million Brits are set to see their Universal Credit payments slashed when the benefits boost comes to an end next week. The government introduced a £20 a week raise to help claimants through th…

The standard allowance is set at different levels for those who are under 25 or for those who are in a couple.The number of people claiming Universal Credit has shot up to six million because of the pandemic.When the temporary boost was first announced it was expected to last for 12 months.

That means it was due to end in April 2021, but the ongoing pandemic and lockdown restrictions led to an extension of the uplift.IF you're experiencing trouble applying for your Universal Credit, or the payments just don't cover costs, here are your options:- Claimants are able to get some cash within five days rather than waiting weeks for their first payment. But it's a loan which means the repayments will be automatically deducted from your future Universal Credit payout.

Here's how much money you'll lose from your monthly payments, with rates for the 2021-22 tax year, before and after the uplift:- after the uplift is cut that will fall to- after the uplift is cut that will fall to - after the uplift is cut that will fall toFor joint claimants where one or both are 25 or over, the standard allowance with the uplift isletters warning about the benefits cutWhen the welfare slashes are finalised by the government, claimants will get a notification through...

Source: Loan Digest (loandigest.net)

 

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It will take place soon, you will lose loads but on a plus note the shop shelves are empty anyway.

I don’t think the UC benefits should be cut now with energy prices going up

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