{"id":186127,"date":"2023-08-19T16:42:23","date_gmt":"2023-08-19T16:42:23","guid":{"rendered":"https:\/\/newsneednews.com\/?p=186127"},"modified":"2023-08-19T16:42:23","modified_gmt":"2023-08-19T16:42:23","slug":"how-much-can-i-earn-before-universal-credit-is-reduced-and-do-i-get-a-work-allowance-the-sun","status":"publish","type":"post","link":"https:\/\/newsneednews.com\/lifestyle\/how-much-can-i-earn-before-universal-credit-is-reduced-and-do-i-get-a-work-allowance-the-sun\/","title":{"rendered":"How much can I earn before Universal Credit is reduced and do I get a work allowance? | The Sun"},"content":{"rendered":"
UNIVERSAL Credit claimants can get extra help depending on their circumstances.<\/p>\n
You can apply for the\u00a0benefit\u00a0even if you're in work and\u00a0are on a low income.<\/p>\n
<\/p>\n
The amount of cash you'll get through Universal Credit will depend on your current circumstances.<\/p>\n
The standard allowance if you are on the benefit, single and over 25 is \u00a3368.74.<\/p>\n
If you are single and under 25 it is worth \u00a3292.11.<\/p>\n
But you can get extra amounts if you have children, disabilities or health conditions or if you are looking after someone else.<\/p>\n
<\/p>\n
<\/p>\n
Meanwhile, there may be extra help on offer for housing costs – the exact amount you will get depends on your circumstances.<\/p>\n
Yes you can – but Universal Credit payments are designed to decrease the more you earn.<\/p>\n
That's because it is supposed to help prop up those who want to get back to work but might not be able to for any number of reasons.<\/p>\n
So you can work while claiming Universal Credit, but the more hours you work and the more you take home in pay, the more your payments will be reduced.<\/p>\n
<\/picture>\n <\/span><\/p>\n <\/picture>\n <\/span><\/p>\n <\/picture>\n <\/span><\/p>\n <\/picture>\n <\/span><\/p>\n For every \u00a31 you earn your Universal Credit payments reduce by 55p – this is known as the taper rate.<\/p>\n It kicks in once claimants are earning above the Work Allowance, if they are eligible.<\/p>\n<\/p>\n You get a Work Allowance if you (or your partner) are responsible for a child or have limited capability for work.<\/p>\n How much it is depends on whether you claim the Housing Costs element of Universal Credit.<\/p>\n The monthly work allowances are:<\/p>\n How much you earn and whether you'll be entitled to Universal Credit payments will depend on your circumstances.<\/p>\n The total amount of benefits you can receive is capped at \u00a322,020 a year outside Greater London if you\u2019re in a relationship or a single parent and your children live with you.\u00a0<\/p>\n It is \u00a314,753-a-year if you live by yourself.<\/p>\n Inside Greater London, the equivalent thresholds are \u00a325,323 and \u00a316,967.\u00a0<\/p>\n There is no limit to how many hours you can work.\u00a0<\/p>\n Universal Credit payments are calculated on how much you earn – not your hours of work.<\/p>\n You can use a benefits calculator to see how taking on extra hours might affect your payments though.<\/p>\n It's not the hours themselves that affects it, but the fact you are earning more.<\/p>\n The way you're paid can also affect your Universal Credit payments.<\/p>\n They are based on how much you earn in each monthly assessmentperiod.<\/p>\n If you're paid more than once in an assessment period then this can reduce your benefit payment.<\/p>\n For instance if you get paid every four weeks rather then monthly, you may have one month where two salaries fall in one assessment period.<\/p>\n <\/p>\n <\/p>\n As you've earned more for assessing Universal Credit, you're entitlement can be reduced.<\/p>\n You can ask your work coach to move the wages into a different assessmentperiod if this happens.<\/p>\n Do you have a money problem that needs sorting? Get in touch by emailing\u00a0money-sm@news.co.uk<\/strong>.<\/p>\n You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group\u00a0members.<\/strong><\/p>\nWilko rescue deal could take weeks – leaving shops and jobs up in the air<\/h3>\n<\/section>\n
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How much can I earn before Universal Credit is reduced?<\/h2>\n
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How many hours can I work on Universal Credit?<\/h2>\n
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