Universal Credit: Britons could get new £400 housing boost per month – are you eligible? | Personal Finance | Finance

0

Universal Credit is designed to assist those who are out of work, unable to work or who are on a low income. The payments provide monthly support to aid with the cost of living, which can often be significant. However, one of the major costs a person will usually have to meet typically relates to their housing.

Renting can be expensive, but can also come with other associated costs, for example ground rent or service charges.

In this sense, the Department for Work and Pensions (DWP) is now taking action to offer additional assistance to vulnerable individuals.

Thousands of people will be able to receive help with their housing costs thanks to changes to housing benefits implemented this week.

The changes are occurring two years earlier than scheduled as part of the DWP’s plan to assist more Britons.

READ MORE: Pension warning as you may need £26,000 per year for retirement

The DWP has said the plan will offer £10million of additional housing support to help younger people.

This will bring the total projected Government spend on housing support to a total of £30billion this year.

Under the updates, eligible individuals will see an increase to their payments of up to £400 each month.

There are two key changes which are being implemented in this regard.

Minister for Welfare Delivery, Will Quince, commented on the matter.

He said: “These changes are an immediate boost for some of the most vulnerable people in our communities.

“We know that having a safe, secure home is vital to getting on your feet, and often into work.

“By bringing these changes in early, we’re able to help more people right as, as we all look to recover from the pandemic.”





Source link

Leave A Reply

Your email address will not be published.