Nearly six million people across the UK are currently claiming Universal Credit with a further estimated five million households receiving additional financial support through Working Tax Credits.
As a result of changes introduced to the taper rate and work allowance rules at the end of November in 2021, the Department for Work and Pensions (DWP) estimates that around 500,000 households may now be eligible for Universal Credit when they didn’t before.
However, many people claiming benefits are not aware of a scheme specifically designed to help them by boosting their savings by 50 per cent, which could come in handy when the economic tide turns or their circumstances change - but it's not available to everyone.
