Universal Credit will be paid directly into your bank, building society or credit union account. This will be paid monthly in arrears. You will wait around five weeks for your first payment, so it is important to plan and think about what you will live on for the first five weeks.
It is possible to apply for an ‘advance payment’ with Universal Credit to cover part or all of the five weeks, however, this will then be deducted from your future payments across 12 months. This option should be thought about carefully and only used if really needed, and remember, the less borrowed for an advance payment, the more you will have each month going forward.
Universal credit is made up of different amounts depending on your circumstances and has two parts:
Standard Allowance – This replaces the old entitlements such as income support or income-based Jobseekers Allowance.
Personal Element – This will include your housing costs (rent) as well as things like childcare costs and extra benefit if you are disabled or are a carer.
Universal Credit will replace
- Income-based Jobseekers Allowance
- Income-based Employment and Support Allowance
- Housing Benefit
- Working Tax Credit
- Child Tax Credit
- Income Support
Universal Credit will NOT replace
- Child Benefit
- Carer’s Allowance
- Disability Living Allowance
- Personal Independence
- Payment Help to pay your Council Tax*
* if you have an existing Universal Credit claim, you can get support via your Work Coach or via messages on your online journal. If you are a Pobl customer, you can contact us for support and advice via *contact us page link*.