Millions of households across the UK are set to receive a major financial boost from the Department for Work and Pensions (DWP) this spring. The annual benefits uprating, coming into effect from April 2024, will see a significant increase in Universal Credit payments for claimants.
The standard allowance for single claimants under 25 will rise from £292.11 to £311.68 per month, while those aged 25 or over will see an increase from £368.74 to £393.45. For joint claimants both under 25, the payment jumps to £489.23 per month, and for those where at least one is 25 or over, it rises to £617.60.
What This Means For Your Household
This represents a substantial increase that could make a real difference to family budgets struggling with the ongoing cost of living pressures. The 6.7% increase matches the Consumer Prices Index (CPI) inflation rate from September 2023, ensuring that benefit payments keep pace with rising prices.
The changes mean that over the course of a full year, many claimants will see their income increase by approximately £1,200 compared to previous rates. This additional support comes at a critical time for many families facing high energy bills and food costs.
Additional Support Elements
It's not just the standard allowance that's increasing. Various other elements of Universal Credit are also being uprated, including:
- Additional amounts for those with limited capability for work
- Carer element payments
- Child element support
The exact amount each claimant receives will vary depending on their individual circumstances, including their earnings, other income, and capital.
The DWP has confirmed that these new rates will apply to all assessment periods beginning on or after April 8, 2024. Most claimants will see the increased amount in their payments from May 2024 onwards, depending on their specific payment schedule.
