The Department for Work and Pensions could give anyone with less than £16,000 in savings £500 a month. if they meet a certain criteria.
This extra cash could be vital for families on low income feeling the squeeze, reports The Express. Universal Credit mainly takes into account one’s expenses and income to decide the rate they will receive.To claim, Britons must meet all of the below criteria: This means that the amount claimants receive is also impacted by their partner’s income and savings. If only one person in a household has reached the state pension age they must still claim Universal Credit as a couple although the claim will stop when both parties reach the state pension age.
If a person lives with their partner and they are both under 25, the monthly allowance is £416.45 for them both. Couples living together where one or both are 25 or over could be entitled to £525.72 per month at present.