Michael Burton 08 November 2021

IFS reveals scope of Universal Credit

IFS reveals scope of Universal Credit image

Budget changes to Universal Credit mean families with well above-average earnings and even paying 40% rates of tax could be entitled to the benefit, according to an Institute for Fiscal Studies (IFS) report.

Although chancellor Rishi Sunak refused to maintain the extra £20 a week rise introduced in the pandemic, he did reduce the loss of entitlement for every extra £1 of earnings from 63p to 55p.

Mr Sunak also made other changes, bringing another 600,000 families into the system to take the total number of recipients to 7m or 26% of all working age families.

Tom Waters, a senior research economist at the IFS, said: ‘The reach of Universal Credit is perhaps much wider than is commonly understood.

'We are now in a situation in which lone parents and single earner couples with children, paying average sorts of rents, will still be entitled to Universal Credit when their earnings reach £50,000 and beyond.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Care Assessor – Hospital Discharge Team

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,841 - £45,564
Social Care Assessor – Hospital Disch... Teddington, Greater London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Residential Worker

Essex County Council
£25395.00 - £32131.00 per annum + pension
Residential WorkerPermanent, Full Time£25,395 to £32,131 per annumLocation
Recuriter: Essex County Council

Deputy Chief Accountant

Oxfordshire County Council
50269 - 53460
As Deputy Chief Accountant, you will support the Chief Accountant in maintaining and improving the council’s financial accounting systems and ensuring accurate, timely statutory reporting. You will coordinate the preparation of the annual Statement of A Oxford
Recuriter: Oxfordshire County Council

Sector Growth & Skills Lead

Essex County Council
£44434.0000 - £52275.0000 per annum
Sector Growth & Skills LeadFixed Term, Full Time£44,434 to £52,275 per annumLocation
Recuriter: Essex County Council

Head of Housing Enabling and Development

Sutton London Borough Council
£77,550 - £97,103
We are proud of our strong local identity, vibrant neighbourhoods and commitment to delivering services that make a real difference. Sutton, London (Greater)
Recuriter: Sutton London Borough Council
Linkedin Banner