Skip to content
Menu
Apply for
  • Birth Certificate US
  • Apply for PAN Card
    • Apply Online for PAN
    • Form 49A
    • Instructions 49A
    • Documents 49A
  • FAFSA
  • Universal Credit
    • All about universal credit
    • How to Apply
    • Joint Claim Online
    • Frequently Asked Questions
  • Settled Status
  • Legal Info
    • Privacy Policy
    • Legal Advice
    • Cookies Policy
  • Contact
Apply for
Who will get the 812 advance on Universal Credit payments

Who will get the £812 advance on Universal Credit payments?

Posted on by

Financial help is available.

Anyone claiming Universal Credit in the UK can apply for an advance payment of up to £812, which will be a welcome boost for many.

This so-called ‘budget advance’ is intended to help with unexpected household expenses, but it should be noted that this is money that will have to be paid back, usually through a cut in future Universal Credit payments.

However, if you are short of money and do not want to take out an expensive loan or other type of loan, it may be considered a safer option.

Contents

  • 1 What is the maximum amount I can borrow?
  • 2 Can I draw on the budget advance?
  • 3 The advance must be repaid

What is the maximum amount I can borrow?

If you have children, the minimum amount you can borrow is £100, and the maximum is £812.

Your particular circumstances will influence the amount you can borrow, although you may be entitled to a maximum:

  • If you are single, the cost is £348.
  • If you are in a couple, the cost is £464.
  • If you have children, the cost is £812.

The amount you get is determined by how likely you are to repay the loan and whether you have more than £1,000 in savings, as the amount you can borrow is reduced by £1 for every £1 you have in savings above the £1,000 limit.

Can I draw on the budget advance?

The Budget Advance is not available to everyone claiming Universal Credit, as you need to have been in receipt of one of these benefits for at least six months:

  • Universal Credit (UC)
  • Income-based ESA (Employment and Support Allowance)
  • Income Support Allowance (ESA)
  • Income-based Jobseeker’s Allowance (JSA)
  • State Pension Credit

In addition, you must have earned less than £2,600 – £3,600 for couples – in the previous six months and you must have paid any previous budget advance before being approved for this help.

The advance must be repaid

The budget advance will be repaid from future Universal Credit payments, but no interest will be charged on the loan.

If you stop applying for Universal Credit, you will have to repay the advance.

Payments could be deducted from your wages or other benefits, and if you do not repay, the Department for Work and Pensions (DWP) may contact your employer or enlist the help of a debt collection agency.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • W9 vs 1099 Form – The Differences
  • Complete the W-9 form – Step by Step
  • W9 Form – All you need to know
  • Who has to complete a W-9 tax form?
  • Recovery Rebate Credit Instruction
  • Get My Payment Instructions
  • FAFSA: How to Fill It Out Correctly
©2023 Apply for
This website uses cookies. Okay? OKRead More
Privacy And Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVEACCEPT