Five Universal Credit changes coming in 2022
The taper rate effectively limits the amount of earnings that those claiming Universal Credit can keep.That has now been cut to 55p, put hundreds of pounds extra a year back into people's pockets.
As your earnings increase, your benefit payments reduce until your income is enough that you can no longer claim. This change, together with the reduced taper rate, should mean claimants get to keep £1,000 more of their earnings every year.If you get help with your housing costs it's £335, up from £293.have been a popular way for people to receive their benefits, but HMRC is set to stop making payments into these.needs to make alternative arrangements or risk not getting their money.
Anyone who already has a bank or building society account can choose for their payments to be made into there instead.Anyone getting tax credits can change their account detailsFor anyone unable to open an account, the government Payment Exceptions Service can be used.
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