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

Domestic Abuse (Perpetrator) Prevention Worker

Essex County Council
£30931 - £35362 per annum + + 26 Days Leave & Defined Benefit Pension
Domestic Abuse (Perpetrator) Prevention Worker - Multi Disciplinary TeamFixed Term, Full Time£30,931 to £35,362 per annumLocation
Recuriter: Essex County Council

Data Analyst - 6 month FTC

Essex County Council
£25081 - £29508 per annum + + 26 Days Leave & Defined Benefit Pension
Data AnalystFixed Term, Full TimeUp to £29,508 per annumLocation
Recuriter: Essex County Council

Transport Strategy Manager

North Northamptonshire Council
£55848 - £59442
We are looking for an experienced and talented professional to join North Northamptonshire Council Sheerness House, 41 Meadow Road, Kettering, United Kingdom
Recuriter: North Northamptonshire Council

Specialist Children and Family Worker - 12 month FTC

Essex County Council
£30931 - £35362 per annum + + 26 Days Leave & Defined Benefit Pension
Specialist Children and Family WorkerFixed Term, Full Time£30,931 to £35,362 per annumLocation
Recuriter: Essex County Council

Director of Children’s Services

Bedford Borough Council
Up to £136,757 per annum (pay award pending)
Bedford Borough Council is looking for a dynamic and visionary Director of Children's Services Bedford, Bedfordshire
Recuriter: Bedford Borough Council
Linkedin Banner

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.