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Universal credit is the biggest change in the welfare system in a generation.

But what exactly is it and how does the system work? Here is everything you need below. Follow the links below to learn more.

1. What is universal credit?

Universal credit is a new social security benefit approved in the Welfare Reform Act 2012 and first published in 2013. It was introduced for all employment offices by the end of 2018.

It replaces six existing benefits, now referred to as “Legacy Benefits”. For more information, please click the link above.

2. Universal Loan Calculator – How Much You Will Get

The amount you will receive is calculated according to various factors.

The government says if you have children, have a disability, or need help with paying your rent, you may be eligible for additional amounts on top of the standard allowance. For more information, please click the link above.

3. Universal creditworthiness and application

Under the qualification criteria, you must have a low income or be unemployed.

And it is important to take into account that your partner’s income and savings are taken into account, even if they are not applying for benefits themselves. Learn more about eligibility by clicking the link above.

4. How often is it paid and how does the online account work?

TWO accounts are required to receive Universal Credit.

One is a Universal Credit online account that can view your details (such as the date of your next payment), the other is a payment account with a bank or building society where the government deposits your money. For more information, please click the link above.

5. Universal Credit contact numbers if you need help

There are some special helpline numbers you can call if you need help. They have been changed to free phone numbers so there are no charges for calls. For more information, please click the link above.

6. How to change your payments if you have problems

Applicants need to be aware that the first payment will not be received until five weeks after an application – and every month thereafter.

If you’re not used to waiting a whole month for your payment, this can be tricky. But there is a little known way of working around that. For more information, please click the link above

7. What to do if your universal loan payments are cut?

There are cases where the Ministry of Labor and Pensions will impose sanctions on applicants for breaking the rules, such as failing to show up for appointments at the work center.

In such cases, the universal loan can be reduced or stopped entirely. Click the link above to find out what to do.

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