To be eligible for a budgeting advance, all of the following must apply:
The claimant has been getting Universal Credit, employment and support allowance, income support, jobseeker’s allowance or state pension credit for six months or more, unless they need the money to help them start a new job or stay in work
They ve earned less than £2,600 (£3,600 together for couple) over the past six months
They ve paid off any previous budgeting advance loans
Universal Credit is tailored to claimant s circumstances (Image: EXPRESS)
READ MORE
To apply for a budgeting advance, claimants will need to contact their local Jobcentre Plus work coach for assistance.
| UPDATED: 08:03, Fri, Feb 5, 2021
Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.
Universal Credit claimants will receive an initial standard allowance and then any applicable amounts that apply to them on top of this. The standard allowances are based on the claimant s age and relationship status.
| UPDATED: 08:13, Thu, Jan 14, 2021
Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.
Universal Credit advances can be claimed for by those who are in financial hardship while they re waiting for their first payment. These advances need to be paid back and claimants will see their future payments reduced until the debt is covered, something the Work and Pensions Committee recently addressed.