Universal Credit is a payment intended to help people out of work, or on a low income with daily living costs and will replace six legacy benefits, including Child Tax Credit, Housing Benefit, Income Support, income-based Jobseeker's Allowance (JSA), income-related Employment and Support Allowance (ESA), and Working Tax Credit for some 2.6 million people across the UK by the end of 2024.
The latest figures from the Department for Work and Pensions (DWP) show that there are currently 5.6 million people claiming Universal Credit, however, with the jobs market booming and people eager to bring in more money to help cope with the rising cost of living, many are expected to end their claim over the coming months.
And it’s crucial this is done as soon as possible, or claimants may find themselves with a benefit overpayment that needs to be repaid.
