Non permanent boosts to common credit score and dealing tax credit score will stay for now
As we speak’s information follows weeks of political debate concerning the extension of a short lived increase to advantages, which was introduced in final yr in response to the pandemic. This is what’s been confirmed – crucially, in each instances you needn’t do something to get the additional cash, as funds might be made robotically:
- Common credit score claimants will proceed to get the £20/week uplift till the top of September. This had been attributable to finish on 6 April 2021, however will now final till the top of September 2021. The continued uplift applies to all new and current claimants throughout England, Scotland and Wales, whereas funding has been made out there to the Northern Eire Govt to match this uplift.
The general quantity of common credit score you obtain will depend on varied elements, however the uplift implies that a single particular person aged 25 or over would get a normal month-to-month fee of £409.89 as an alternative of £317.82, for instance.
- Working tax credit score claimants will get a one-off £500 fee mid-April. As a result of nature of working tax credit score, these claimants will not get a weekly fee however the equal, which is a one-off fee of £500. This is applicable to all claimants throughout the UK who had been in receipt of working tax credit score as of two March 2021.
The Authorities has confirmed that technically-current working tax credit score claimants who swap to common credit score could also be eligible to get each the £500 fee in April and the £20 uplift after they’ve switched – however if you happen to do that you possibly can’t swap again to working tax credit score, so it is essential you guarantee common credit score is greatest for you first. Use our Advantages Calculator or communicate to profit consultants, reminiscent of charity Turn2Us, for assist.
Most new profit claimants now have to use for common credit score, whereas different older legacy profit claimants are additionally being moved on to this new system. As of November 2020, 4.9 million households had been receiving common credit score in line with the Treasury, whereas in December 2020, 1.5 million households obtained at the least working tax credit score.