Chancellor Jeremy Hunt has confirmed many benefits will rise by 10.1% in April next year. Around 19.2m families and 39.8 million individuals qualify State Pension, Universal Credit and PIP among other payments from the Department for Work and Pensions and HM Revenue and Customs (HMRC).
The move was confirmed by Jeremy Hunt in the Autumn Statement on Thursday. He said the State Pension, disability and working age benefits would qualify for the uplift.
It will see families on Universal Credit getting an average of an extra £600 a year. He also increased the benefit cap from £23,000 to £25,323 for families in Greater London and £20,000 to £22,020 for those living elsewhere.
