Universal Credit can be awarded to those who are on a low income or out of work entirely. Additionally, claimants must be aged between 18 and state pension age, be living in the UK and have less than £16,000 in savings.
What is awarded will depend on if the claimant has savings of over £1,000 and can pay the loan back.
To be eligible for a budgeting advance, claimants must have been getting Universal Credit for at least six months, unless they need the money to help start a new job or stay in work.
They’ll additionally need to have earned less than £2,600 (£3,600 together for couples) over the previous six months and they’ve paid off any budgeting advance loans.
To apply, claimants will need to contact their local Jobcentre Plus work coach for assistance.
Initial claims for Universal Credit can be made online.
When applying, people will need to have their bank, building society or credit union account details ready.
Additionally, they’ll also need details on their living expenses and income.
Should the right information not be provided straight away, it could affect when the applicant gets paid or how much they’ll get.
Initial payments can take around five weeks to come through.
Following this, Universal Credit will be paid once a month into a designated account.
The payments will arrive on the same date of every month and should the payment date fall on a weekend or bank holiday, claimants may receive income early.
Full details on Universal Credit rules can be found on the Government’s website.