UNIVERSAL CREDIT SPECIAL
? t i d e r C l a s r e v i n U r o f There are a number of key things to remember with the new benefit Universal Credit. In this article we explain what is changing and list the 5 main things we think you should think about to help you prepare.
What does Universal Credit mean for you?
What is changing and how can you prepare?
It means if you are claiming any of the below you will be affected: • Housing Benefit • Working Tax Credits • Job Seekers Allowance • Employment Support Allowance • Income Support
1. UC will be paid via Monthly payments
Over the next few years the above benefits will be replaced by Universal Credit. These changes will affect working and non-working households and you will be affected sooner if you have a change in circumstances such as: • Change in employment status • Birth of child • Moving out of area • Relationship changes in household
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Think about whether you need to: • Change the way you pay your bills? • Adjust your Direct Debits, Standing Orders? • Start completing a monthly Budget Sheets to understand your finances • Log on to the www. moneyadviceservice.org.uk for further advice on managing money • Log on to the UC page www. gov.uk/universal-credit to find out more
www.monmouthshirehousing.co.uk
What can Money Wise do? If you are already in debt you may find it hard to manage your money going forward. Money Wise Debt advice services can offer debt advice and may be able to help if you are in arrears. If you are concerned about any aspect of your UC claim please speak to our UC specialist Cally who will help out in all initial aspects of setting up your claim. Turn to page 10 to find out more.
2. You will have to wait for at least 4-5 weeks to qualify and receive your first payment. Think about whether you can: • Manage with the delay in payment? • Start saving now?
