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Working 24 hrs & on Universal Credit - Query about hourly rate
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That looks correct, the taper rate is currently 55% so for every £1 over the allowance you lose 55% from your benefit and keep the remainder (was previously 63%)
and extra £56 income will lose £30.80 from benefits seeing a net increase of £25.20
section 4 here https://www.gov.uk/government/publications/universal-credit-work-allowances/universal-credit-work-allowances0 -
AsCaz3121 said:That looks correct, the taper rate is currently 55% so for every £1 over the allowance you lose 55% from your benefit and keep the remainder (was previously 63%)
and extra £56 income will lose £30.80 from benefits seeing a net increase of £25.20
section 4 here https://www.gov.uk/government/publications/universal-credit-work-allowances/universal-credit-work-allowancescalcotti said:That looks right, earns an extra £56 and gets to keep £25.20.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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