Tag Archives: universal credit

1m people are missing out on tax credits – are you?

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It’s estimated that one million people in the UK are missing out on an average of £50 a week by not claiming the tax credits they’re entitled to. This is by no means small change. This is especially true if they’re struggling with debt problems.

Due to recent government changes, once Universal Credit gets rolled out to your local Jobcentre Plus, you’ll no longer be able to start claiming tax credits.

As of April 2016, the amount that you can claim in Universal Credit is less than the equivalent claim in tax credits. Therefore, it’s important for you to start claiming tax credits before your Jobcentre Plus moves to Universal Credit.

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February’s debt news

posted by in Debt, Rent-to-own, Welfare Benefits Leave a comment

Debt news

Debt news

January, aka the ‘Monday’ of the year, is over and February is well and truly here! While it may seem like a slow start to the year for many, lots has been happening in the world of debt and personal finance.

Bankruptcy thresholds are set to increase and it might be time to break up with that old phone contract you’ve been overpaying for.

There’s good news as well: people are looking out for each other with support for unemployed job seekers, and it could be the end of rail ticket rip offs (sort of).

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Benefit changes 2014: what’s going to happen?

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Benefit changes 2014

Benefit changes 2014

There’s rarely a day goes by without benefit changes being in the news for some reason or other but it’s often hard to know the details of what’s actually going to happen. To make life easy, we’ve summarised the big welfare benefit changes in 2014.

These details are correct as of this article’s publication date but if you want to keep up with the latest changes we’d recommend signing up to the MoneyAware newsletter.

We’ll send you a monthly email full of lots of useful money-related stories, including the latest benefits news. Continue reading »

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Universal Credit and the benefit cap – what’s the latest news?

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Universal Credit - Government benefit changes

Courtesy of Wikicommons user David Lally

We’ve all heard about the benefit changes the Government is making to the current system, but over the past couple of months everything’s gone a bit quiet.

There was a flurry of news and activity in early April with the 2013 benefit changes, (such as the introduction of the “Bedroom Tax”), and last month Disabled Living Allowance was replaced by Personal Independence Payment for new claimants.

But on the whole it was quiet… until this week, when Universal Credit and the newly-introduced benefit cap made the news in a big way.
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Know your rights – April’s debt news

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January debt news

That sky actually looks like the one outside today

I can’t believe April is behind us already – 2013 certainly is hurtling by, with summer (hopefully) fast approaching!

So you can spend more time eating ice creams in the sun instead of reading the news we’ve put together the most important stories from the last month in one handy article.

Ready? Let’s go!

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We ask Facebook – what is worrying you most about the benefit changes?

posted by in Budgeting, Welfare Benefits Leave a comment

Many people are concerned about how Universal Credit will effect their family

Many people are concerned about how Universal Credit will effect their family

The ancient Chinese philosopher Lao Tzu reputedly said that ‘life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow’.

That’s easy for you to say, Lao – you don’t have to worry about the sweeping changes to the benefit system that will come into force in just a couple of months.

It seems that the upcoming changes are causing little else but sorrow, frustration and worry – but is this justified?

We asked our loyal Facebook fans what was on their mind the most when it came to Universal Credit, hoping to set the record straight as much as possible. Here’s what they had to say…

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Universal Credit – what is it? The new benefits system explained

posted by in Welfare Benefits 2 Comments

Find out about universal credit

What is universal credit?

There are lots of changes coming to the UK benefits system this year.

One of the biggest changes will be the introduction of Universal Credit.

We’ve put together this handy guide to help you understand the basics and hopefully help you navigate the changes.

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