Universal Credit (UC) is a means-tested benefit, which means the amount you get depends on how much income and capital you’ve got. Capital means things like savings and some kinds of property. Jobcentre Plus will administer UC.
UC will eventually replace many existing benefits, which will be abolished. Universal Credit is not taxable and will be paid monthly. Universal Credit (UC) will eventually replace the following benefits and tax credits:
- Income Support, Income-based Jobseeker’s Allowance
- Income-related Employment and Support Allowance
- Child Tax Credit, Working Tax Credit
- Housing Benefit
- Budgeting loans – an advance payment of UC will replace these