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Gov's WTC increase- via Coronas Virus update

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Gov's WTC increase- via Coronas Virus update

edited 23 March at 3:56PM in Disability Money Matters
2 replies 236 views
DandytfDandytf Forumite
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edited 23 March at 3:56PM in Disability Money Matters
Posted this via Disability thread as I have m.s.
Just noticed this generous increase on Gov site which could be useful.
 From 6 April we are increasing the standard allowance in Universal Credit and the basic element in Working Tax Credit for 1 year. Both will increase by £20 per week on top of planned annual uprating. This will apply to all new and existing Universal Credit claimants and to existing Working Tax Credit claimants.

sc dmp 2012 13k Dec 2019 11140 paid 80% approx.-Next Update Early Jan 2021
Mid 2018 Help2save 50 uk pounds per month-New Rules 2020
Mid 2019/20-Virgin Money e-saver reward 18 -T.b.c.-Closed reverting to e-saver 14.

Replies

  • venisonvenison Forumite
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    Yes its a £1000 a year top up, as i understand it payments will start on May 12th (5 weeks after 6th April)
    Stay safe, keep well and take care x
  • edited 28 March at 3:25PM
    DandytfDandytf Forumite
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    edited 28 March at 3:25PM
    Thanks @venison, that's useful info, I had thought payments started from early April, though if it's May it is still very useful indeed
    for 12 months.
    Have I just found additional sum to add to my HL Fund.
    Edited if wtc increase does go ahead as planned, then it could be possible to reduce debt a few months, in addition to HL fund increase.
    sc dmp 2012 13k Dec 2019 11140 paid 80% approx.-Next Update Early Jan 2021
    Mid 2018 Help2save 50 uk pounds per month-New Rules 2020
    Mid 2019/20-Virgin Money e-saver reward 18 -T.b.c.-Closed reverting to e-saver 14.
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