How much is Universal Credit rising by in June 2023? Changes explained
The rising cost of living has seen millions of Britons need an extra helping hand to get by.
In a bid to combat the rising costs of everything from everyday bills to a weekly shop, the Government has introduced a number of schemes and payment increases to help people afford to survive.
Those on various Department for Work and Pensions (DWP) benefits experienced a boost in what they receive from April 10 following a rise of 10.1%, in line with the September 2022 inflation rate.
And now those on Universal Credit will experience another boost this month that will help those in need with childcare costs.
Want to know how much Universal Credit is set to increase? Here’s what we know.
How much is Universal Credit increasing?
Families on Universal Credit will be given a boost this month as they can claim more back on childcare costs.
From June 28, the DWP will raise the maximum amount that parents on Universal Credit can claim back monthly for their childcare for one or multiple children.
The amount parents can claim back will rise to £951 for one child and £1,630 for two or more children.
This is a dramatic increase of almost 50% from the previous caps of £646 for one child or £1,108 for two or more children.
The shakeup will also see parents who become employed or increase their work hours in the first month have their childcare costs paid for upfront.
The move is designed to help those struggling to get into work or those accruing debt under the current system due to hefty childcare costs.
It was first announced as part of Jeremy Hunt’s autumn budget to encourage people back into work or to increase their hours.
There will also be an expansion of childcare as part of the budget plans that is sure to be a welcome relief for parents across the UK.
In households where all adults work at least 16 hours, children between the ages of nine months until school age will get 30 hours of free childcare per week by September 2025.
Mr Hunt also pledged an expansion in wraparound care at the start and finish of the school day for parents with older children, plus changes to staff-to-child ratios in England to expand the supply of childcare.
Last year the average annual price for full-time nursery childcare in England for a child under two was more than £14,000.
MORE : Summer of cost-of-living misery begins with soaring price of family barbies
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