Individuals receiving certain benefits may qualify for a one-time payment of up to £812 from the Department for Work and Pensions (DWP). This assistance, known as a Budgeting Advance, is designed to help those facing unexpected financial burdens, such as emergency household costs, job-related expenses, or funeral costs. The amount available varies based on individual circumstances.
To be eligible for this support, claimants must have been receiving specific benefits for at least six months. These benefits include Universal Credit, Employment and Support Allowance, Income Support, Jobseeker’s Allowance, or State Pension Credit. Additionally, individuals must demonstrate a pressing need for funds to secure or maintain employment.
Individuals will not qualify if they have earned more than £2,600 (or £3,600 for couples) in the past six months or if they have any outstanding Budgeting Advance loans. It is also important to note that only one Budgeting Advance can be taken out at a time.
Understanding the Payment Structure
The minimum amount that can be borrowed is £100. The maximum amounts available through the Budgeting Advance are as follows: £348 for single individuals, £464 for couples, and £812 for those with children. Repayment is made through deductions from future benefit payments, typically over a period of 24 months. For instance, if a claimant receives an advance of £240, their monthly benefit payment would be reduced by £10 until the loan is repaid.
If any difficulties arise regarding repayment, claimants are encouraged to contact the DWP to discuss potential adjustments to their repayment amounts.
How to Apply for Assistance
Applying for a Budgeting Advance can be done in several ways. Claimants can update their journal through their Universal Credit account, approach a Universal Credit contact at their local jobcentre, or consult their work coach. Additionally, the Universal Credit helpline is available at 0800 328 5644, with operating hours from 08:00 to 18:00 Monday to Friday.
For further details regarding eligibility and application procedures, individuals can visit the official DWP website. This initiative highlights the government’s commitment to providing financial support to those in need, ensuring that help is available during challenging times.
