Did you know that the temporary increase of £20 a week will be stopping from October?
At the start of the COVID-19 pandemic, a Universal Credit temporary increase of £20 per week was brought in by the Government, which increased the standard allowance of Universal Credit by £86.67 every month.
We know that this additional amount was a lifeline for many people, with reduced work, furlough, children at home, increased costs and food bills.
If you’re currently claiming Universal Credit, you should be aware that this amount is temporary and was brought in as extra support during the peak of the COVID-19 pandemic.
This additional amount is due to end in October, and the amount of Universal Credit you receive will be reduced by £86.67 per month.
If you are someone who has only claimed Universal Credit for the first time since April 2020, you may not even have been aware that the money you receive contains the temporary increase.
The Trussell Trust have launched an online form which people can use to e-mail their local MP and ask them to call on the prime minister not to make the cut. You can support the campaign here.
If you’re worried about how this will affect you, or are you worrying about meeting your rent and bills, please get in touch.
Our dedicated Moneywise team can help you manage your budget and prepare for the change. We also have a supportive income team that can address any worries you may have over your rent.
We’re here to help.