You will notice the increase in May
An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions and HM Revenue and Customs will see their payments go up by 10.1 percent next month. However, due to payments made in arrears most people will not see a difference until May, reports the Daily Record.
The uprating means that on average, a family on Universal Credit will benefit by around £600 this year. The benefit cap will also rise in line with inflation, this will see it increase from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally - lower caps for single households without children will rise from £15,410 to £16,967 in Greater London and from £13,400 to £14,753 nationally.
Attendance Allowance Carer’s Allowance Disability Living Allowance / Child Disability Payment Care ComponentEmployment and Support Allowance Incapacity Benefit Income Support Jobseeker’s Allowance Jobseeker’s Allowance Maternity/Paternity/Shared Parental Allowance Pension Credit Personal Independence Payment / Adult Disability payment Daily Living ComponentChild Benefit payment rates for 2023/24 There are two Child Benefit rates in place.
Working Tax Credit rates for 2023/24 Working Tax Credit is paid to people who are in work and on a low income – it does not matter whether you are an employee or self-employed, and you do not need to have children to get the payment.
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