Universal Credit: DWP minister addresses uplift amid warning for legacy benefit claimants

UNIVERSAL CREDIT payments have temporarily increased, following a £1,000 per year boost to the standard allowance, effective for 12 months only. Recently, Express.co.uk asked DWP minister Will Quince about the uplift, following calls to extend it to legacy benefit claimants.

Source: Daily Express :: Finance Feed https://ift.tt/3o4GF0D

Furlough warning: Staff may end up de-skilled & face 'digital deplacement' - what to do

FURLOUGH payments will continue to be utilised this year as Rishi Sunak recently confirmed the Coronavirus Job Retention Scheme would be extended into April. While many have welcomed the extension in light of continued economic damage, others have warned the longer the scheme goes on, the worse the eventual outcome will be for employees.

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Child benefit warning: Claimants may face a higher income tax bills - rules explained

CHILD benefit can provide claimants with support for raising children. There is no limit on how many children can be claimed for but some recipients could end up facing hefty tax bills.

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PIP payments could be reduced if you claim constant attendance allowance - full details

PIP is a state benefit which is paid to those who need help with some of the extra costs associated with ill-health. Those who are eligible for support can receive several hundreds of pounds per month but if they also receive one particular benefit, what's paid out could be reduced.

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Savings & borrowing caution urged after Covid's 'great financial divide' - 2021 outlook

CORONAVIRUS and the ongoing lockdown has had a dramatic impact on the nation's finances but new research highlights the damage has not been spread evenly. Analysis from Shawbrook Bank revealed many will be bringing debts into 2021 while others plan to make the most of their new bigger savings pots.

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Minimum wage scandal: 139 employers fail to pay required amounts ahead of rate increase

NATIONAL MINIMUM WAGE and National Living Wage rates will be changing in the coming months, with the government recently releasing details on the new amounts. The rates will be increasing from April 2021 but shocking new data from the Department for Business, Energy & Industrial Strategy highlights that many employees may not receive these boosts in the new year.

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Council tax debt support is coming in 2021 - full details on new local authority rules

COUNCIL tax debt problems have been exacerbated by coronavirus this year, with Citizens Advice detailing that an extra £700million of council tax debt has been accrued by 800,000 households since March. Fortunately, a new "breathing space" scheme being introduced in 2021 should help with these debts.

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Bitcoin price: 'Next target $35,000' after 170% rise in 2020 says cryptocurrency pioneer

BITCOIN'S value has risen by approximately 170 percent in 2020, after reaching the significant price per coin of $28,000 Max Keiser claims "the next short target is $35,000".

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Bank accounts set to close as Brexit transition period ends today - will you be affected?

BANK accounts are set to be closed for thousands of people as the Brexit transition period comes to an end today, at the stroke of 11pm.

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Christmas Bonus: DWP urged to increase £10 sum to £130 in 2021 - 'People deserve better'

CHRISTMAS BONUS payments have meant many Britons have received a one-off tax-free £10 payment this festive season.

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Pension warning: Britons could lose £36,000 by reducing contributions - are you at risk?

PENSION savings are considered the key to achieving retirement goals, but Britons have been warned about opting out as it could lose individuals thousands of pounds.

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Interest rates: Britons told ‘take action’ to ensure they secure best deals in 2021

INTEREST rates will be important to many savers, particularly those who are hoping to grow their money in 2021. However, Britons are being advised to take action to ensure the leading rates.

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Universal Credit claimants could boost bank balance by up to £1,200 - how to apply

UNIVERSAL CREDIT claims have surged this year, amid the financial impact of the coronavirus pandemic. Those who currently claim Universal Credit may be able to apply for an account which could see them boost their bank balance by £1,200.

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Money saving: How Britons can make a ‘big difference’ with their finances in 2021

MONEY saving will be a top priority and a New Year's resolution for many households. While the task is often viewed as an uphill battle, there are key steps to consider.

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State Pension payments may be issued early today - are you affected?

STATE PENSION payments are usually issued every four weeks, allowing people to plan ahead and budget. But some pensioners should expect a one-off change to occur today.

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Warm home discount scheme: You may get £140 off your energy bills - eligibility explained

PENSION credit claimants or those on low incomes may be eligible for the warm home discount scheme which can provide people with money for their winter electricity bills. As it stands, there are two ways in which a person can qualify for the support.

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Housing benefit: You may need evidence to support your claim - full list of requirements

HOUSING benefit can provide support for council, social housing and private rental costs but strict criteria is in place. In order to receive suitable payments, claimants will need to provide evidence along with their claim.

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Interest rates to stay at 'rock-bottom' levels following Brexit deal - savers urged to act

BREXIT will likely continue to impact the economy for some time despite a deal being agreed. How this will play out in the coming months remains to be seen but new analysis details one financial reality should remain constant for some time.

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SEISS warning: An application deadline falls next month - everything you need to claim

SEISS, or the Self-Employment Income Support Scheme, has helped millions of self-employed workers stay afloat throughout 2020 and the government has extended the scheme a number of times. As it stands, eligible claimants can make a claim for a third grant but a deadline for this is quickly approaching.

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Savings advice: How the 'Rainy Days Rule' could save you thousands in 2021 - full details

SAVINGS plans will likely take precedence in 2021 as consumers attempt to stablise their finances as a vaccinee is released. Indeed, recent research on new years's resolutions shows consumers are keen to get back on track following the impact of coronavirus.

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Carer's allowance payment rates will be rising in 2021 - full details on the new amount

CARER'S allowance can provide financial support to those who are caring for someone for at least 35 hours a week who themselves also get certain benefits. There is a singular payment awarded for carer's allowance but the amount will be rising in 2021.

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Universal Credit claimants may be able to get £25 boost as Cold Weather Payment triggered

UNIVERSAL CREDIT is designed to support Britons, and has been useful for millions. Now, some claimants could be set for a £25 boost due to the cold weather.

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Green tourism flourishes in Cumbria’s The Quiet Site eco holiday park

LAKE District eco holiday park The Quiet Site is set for a pitch perfect 2021 as its green developments offer a blueprint for the travel industry.

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Premium Bonds: NS&I warns customers may need to act before end of Brexit transition period

PREMIUM BONDS are just one form of savings product offered by National Savings and Investments , with other options including Income Bonds and the NS&I Junior ISA. Amid the UK and the EU signing the Brexit deal, NS&I has issued customers a warning.

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Martin Lewis explains how Britons could get paid to clear credit card debts in 2021

MARTIN LEWIS frequently provides financial insight to millions of Britons, and he has now pointed out how many people could even get paid to clear their debts.

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