There is an estimated 39.8 million people, and 19.2 million families across the UK, who currently claim State Pension or other benefits from the Department for Work and Pensions (DWP), and HM Revenue and Customs (HMRC).
Millions will see their benefit payments go up by 10.1 per cent in line with September 2022's inflation rate, reports the Daily Record. This was confirmed by Chancellor Jeremy Hunt in November's Autumn Statement, and will come into affect from April 2023.
This will come at a cost of £11 billion to the UK Government. The uprating means that on average, a family on Universal Credit will benefit by around £600 next year.
READ MORE - Martin Lewis' expert advice helps man save £6,600 yearly after ten minute check
The Government has also increased the benefit cap in line with the rate of inflation, which means that more people will be able to benefit from the new payment rates in 2023.
The benefit cap will rise from £20,000 to £22,020 for families nationally. Lower caps for single households without children will rise from £13,400 to £14,753 nationally.
Here is a handy guide on the new payment rates for HMRC and DWP benefits that will come into place from April next year.
New payment rates from 2023 to 2024
Subject to Parliamentary approval, Tax Credit elements, inflation-linked DWP benefits and benefits administered by HMRC will rise by 10.1 per cent in 2023.
Below is a summary of the new weekly payment rates.
Weekly rates are shown, unless otherwise stated and have been rounded as per the UK Government policy.
Attendance Allowance
- Higher rate: £101.75 (from £92.40)
- Lower rate: £68.10 (from £61.85)
Carer’s Allowance
- April 2023 rate: £76.75 (from £69.70)
Disability Living Allowance / Child Disability Payment
Care Component
- Highest: £101.75 (from £92.40)
- Middle: £68.10 (from £61.85)
- Lowest: £26.90 (from £24.45)
Mobility component
- Higher: £71.00 (from £64.50)
- Lower: £26.90 (from £24.45)
Employment and Support Allowance (ESA)
- Under 25: £67.20 (from £61.05)
- 25 or over: £84.80 (from £77.00)
Incapacity Benefit (long-term)
- April 2023 rate: £130.20 (from £118.25)
Income Support
- Under 25: £67.20 (from £61.05)
- 25 or over: £84.80 from (£77.00)
Jobseeker’s Allowance (contributions based)
- Under 25: £67.20 (from £61.05)
- 25 or over: £84.80 (from £77.00)
Jobseeker’s Allowance (income-based)
- Under 25: £67.25 (from £61.05)
- 25 or over: £84.80 (from £77.00)
Maternity/Paternity/Shared Parental Allowance
- Standard rate: £172.48 (from £156.66)
Pension Credit
- Single: £201.05 (from £182.60)
- Couple: £306.85 (from £278.70)
Personal Independence Payment (PIP) / Adult Disability payment
Daily Living Component
- Enhanced: £101.75 (from £92.40)
- Standard: £68.10 (from £61.85)
Mobility Component
- Enhanced: £71.00 (from £64.50)
- Standard: £26.90 (from £24.45)
State Pension
- Full New State Pension: £203.85 (from £185.15)
- Basic Old State Pension (Category A or B): £156.20 (from £141.85)
Widow’s Pension
- Standard rate: £139.10 (from £126.35)
Universal Credit (Monthly rates shown)
Standard allowance
- Single under 25: £292.11 (from £265.31)
- Single 25 or over: £368.74 (from £334.91)
Couple
- Joint claimants both under 25: £458.51 (from £416.45)
- Joint claimants, one or both 25 or over: £578.82 (from £525.72)
You can read the full guide to changes in payments from April 2023 on the GOV.UK website.
READ MORE:
The reason behind December 26 being called Boxing Day, and origins of the name
Edinburgh issued urgent yellow weather warning for ice on Boxing Day
DWP confirms New Year payment dates for Universal Credit and other benefits
Kate Middleton admits issues with Princess Charlotte after failing to master skill
Technology expert urges people not to keep their Amazon Echo in the bedroom