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Universal Credit: £500 one-off payment confirmed by DWP to boost Working Tax Credit | Personal Finance | Finance

“We’ll provide Working Tax Credit claimants with equivalent support for the next six months.
“However, because of the way that system works operationally, we will need to do so with a one-off payment of £500.”
Mr Sunak added, however, the Government’s focus would shift over the course of the remainder of this year.
Universal Credit UK: What is Universal Credit? (Image: EXPRESS)
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He said the ultimate focus would be riven towards getting people into decent, well-paying jobs.
The extension of support to both Universal Credit claimants and those in receipt of Working Tax Credit has, on the whole, been welcomed. ....

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Universal Credit: Britons could receive a £1,200 savings bonus from the DWP | Personal Finance | Finance

| UPDATED: 15:53, Thu, Mar 11, 2021
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Universal Credit claims have soared over the last year, with the impacts of the pandemic being palpably felt. The Universal Credit sum, overseen by the Department for Work and Pensions (DWP), is intended to provide support to individuals who are on a low income or out of work. To be eligible, one must usually be 18 or over, but under state pension age and resident in the UK. ....

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Universal Credit UK: DWP confirms several changes to benefit will occur - full details | Personal Finance | Finance

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He said: “It will be a huge relief for people on Universal Credit to not face a cut to their benefits next month.
“But with a challenging recovery ahead of us, this is a stopgap.
“A six-month extension kicks the can down the road, only to leave millions facing financial cliff edge in the autumn.
“We urge the Government to think again. The Universal Credit uplift must be kept for at least a year to help people pick up the pieces from this crisis.”
To provide further support, the DWP has also confirmed a slight change to advance payments of Universal Credit. ....

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Universal Credit UK: DWP increase may be extended by Rishi Sunak in today's Budget | Personal Finance | Finance

| UPDATED: 06:53, Thu, Mar 4, 2021
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Universal Credit payments have proved a lifeline for millions of people throughout the toughest times of the COVID-19 pandemic. To help alleviate financial struggles, the Department for Work and Pensions (DWP) which oversees the benefit, decided to create a £20 weekly increase to the sum. The £20 increase per week roughly calculates to an extra £1,000 annually, providing important support for families on Universal Credit. ....

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Universal Credit UK: Alternative Payment Arrangement could help Britons manage money | Personal Finance | Finance

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Tier two factors, however, mean a person may need an APA, but it is considered less likely to be needed than someone on tier one.
Factors considered within this tier include: having no bank account, a history of rent arrears, a recent bereavement, not being in education or employment, or third party deductions from a benefit.
Ultimately, though, it will be down to a person’s individual circumstances when thinking about if an alternative payment arrangement suits their needs.
There are a number of types of alternative payment arrangements a person could get on Universal Credit.
Universal Credit UK: What is Universal Credit? (Image: EXPRESS) ....

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