The Department for Work and Pensions (DWP) has provided more precise guidelines for members of the public who want to claim the first instalment of the £900 cost of living payment.
09.03.2023 - 14:25 / manchestereveningnews.co.uk
A wide variety of DWP benefit payments will be increasing soon.
Every year, benefits increase in line with the inflation rates recorded for the previous September. In September 2022, the Consumer Price Index (CPI) was marked at 10.1 per cent. During his Autumn Budget, Chancellor Jeremy Hunt announced the changes to benefits rates, which will reportedly cost the government £11 billion.
He told the House of Commons: "There have also been some representations to keep the uplift to working age and disability benefits below the level of inflation given the financial constraints we face.
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"But that would not be consistent with our commitment to protect the most vulnerable so today I also commit to uprate such benefits by inflation with an increase of 10.1 per cent. That is an expensive commitment costing £11billion.”
Here's everything you need to know about the increases coming within the next few weeks.
The new benefit rates will be implemented in the new tax year - April 2023. That means any benefit or state pension payments after this date will be given the new rate. The new tax year starts on April 6.
Here's a breakdown of all the benefits receiving a 10.1 per cent uprate in April.
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