Important information on the benefit cap
12 August 2016
The Department of Work and Pensions has recently announced that the benefit cap will be reduced from 7th November 2016, and that this will take place over "a number of weeks."
What does this mean?
There is currently a limit on the total amount of benefit that most people aged 16 to 64 can get. This is called the benefit cap.
The maximum amount of benefit per week you can currently get is:
- £350 per week for single people without children
- £500 per week for single parents
- £500 per week for couples, whether you have children or not
The benefit cap includes your housing benefit. If your benefits are more than the benefit cap, your housing benefit is cut so that your total benefit is not more than the benefit cap amount.
When the new benefit cap comes into effect on 7th November, the new maximum amount of benefit you can receive will be:
- £257.69 per week for single people without children
- £384.62 per week for single parents
- £384.62 per week for couples, whether you have children or not
Will this affect me?
To find out if you’ll be affected by the benefit cap, visit the Government’s official website here.
What can I do if I’m affected by the benefit cap?
If you’re worried about managing your finances, or want some advice or support, we’re here to help. We have a home budgeting team who are here to support you every step of the way when it comes to managing your finances.
If you are worried that you might be affected by the new benefit cap and would like to talk to someone, please contact us.