Universal Credit and Child Benefit are two key supportive payments provided by the government. As coronavirus continues to impact family incomes, benefit payments like these will become ever more crucial.
As the new tax year starts, higher payments will be introduced for different kinds of state support.
Universal Credit will have its standard allowances raised (along with additional “elements”).
Currently there are four minimum payments available which are dependent on circumstances. Claimants will receive either £251.77, £317.82, 395.20 or £498.89 per month.
From 6 April these will rise to £256.05, £323.22, 401.91 or £507.37 respectively.
Several other “working-age” benefits will also receive increases to their payments.
This is a broad term but it generally covers any benefits that can be received by someone who is aged between 16 and state pension age.
Examples of these benefits include jobseeker’s allowance, income support and employment and support allowance.
These types of benefits have a lot of variation to their payments but they can range from dozens of pounds to several hundred per week.
As he detailed in a recent speech: “We are starting a great national effort to protect jobs. But the truth is we are already seeing job losses.
“And there may be more to come. I cannot promise you that no one will face hardship in the weeks ahead.
“So we will also act to protect you if the worst happens. To strengthen the safety net, I’m increasing today the Universal Credit standard allowance, for the next 12 months, by £1,000 a year.”
This will equate to about £80 a month. These increases will help people who suffer financially in the coming months but there may be some trouble for new claimants.
Demand for support has shot up recently and the state has made efforts to reduce delays by bringing in extra staff. This will likely be exacerbated by the fact that Jobcentre facilities have been closed and physical meetings have been scrapped.