4 cost of living changes coming in May – including Child Benefit and Universal Credit changes

May is almost here, and with it come a range of money changes. From benefit increases, early benefit payment dates and more, we’ve compiled the full list below.

This is because benefits are usually paid in arrears. Your earlier payments may have spanned both the 23/24 and 24/25 tax years. It’s thought rates could be cut, which would mean interest on mortgages, loans and more would only increase by a small amount – although this cut may not happen until later in the year.

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