Definition of «universal credit»

Universal Credit is a new type of benefit that has been introduced by the UK government to replace several existing benefits with one single payment. It is designed to make it easier for people who are out of work or on a low income to claim financial support, and it is paid monthly in arrears directly into an individual's bank account.

The amount of Universal Credit that someone receives depends on their circumstances such as their age, disability status, number of children they have, and their earnings from employment or self-employment. It also takes into account any savings or investments that a person may have.

Universal Credit is paid for up to 36 months depending on an individual's circumstances such as age, disability status, number of children they have, and their earnings from employment or self-employment. It also takes into account any savings or investments that a person may have.

Universal Credit is paid for up to 36 months depending on an individual's circumstances such as age, disability status, number of children they have, and their earnings from employment or self-employment. It also takes into account any savings or investments that a person may have.

Phrases with «universal credit»

Sentences with «universal credit»

  • In addition, it said it was «very concerned» that the rollout of universal credit did not contain a clear mechanism for identifying children who were eligible for the pupil premium. (educationbusinessuk.net)
  • The coalition revealed it will invest # 300 million in the new plans, which are set to benefit some 80,000 families on universal credit who previously did not qualify for financial help. (politics.co.uk)
  • But he left in place reductions for universal credit — the new benefits system that is being slowly rolled out across the country. (theguardian.com)
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