Universal Credit funds May financial institution vacation: When is Universal Credit paid? | Personal Finance | Finance

In 2020, the Spring Bank Holiday, in any other case generally known as the Late May Bank Holiday, will fall on Monday, May 25. It will imply modifications to when Universal Credit – a month-to-month welfare fee which replaces six different advantages – is paid.

When will Universal Credit be paid?

According to the Government web site, Universal Credit is “a payment to help with your living costs and is paid monthly, or twice a month for some people in Scotland”.

People could possibly get it if they’re on a low revenue, out of labor, or unable to work.

Universal Credit is changing the next advantages:

  • Child Tax Credit
  • Housing Benefit
  • Income Support
  • Income-based Jobseeker’s Allowance (JSA)
  • Income-related Employment and Support Allowance (ESA)
  • Working Tax Credit

Woman checking an ATM

Universal Credit funds will likely be totally different as a result of upcoming financial institution vacation (Image: Getty)

Pound notes and a coin

Universal Credit is a mix of six totally different advantages (Image: Getty)

If you at present declare for any of those advantages, you do not want to do something except:

  • You have a change of circumstances which it’s good to report
  • The Department for Work and Pensions (DWP) contacts you about transferring to Universal Credit
  • Universal Credit is paid each 4 weeks on the identical date. It can even range barely over the financial institution holidays of May.

Money in a glass pot

People can declare Universal Credit is they’re on a low revenue, out of labor or unable to work (Image: Getty)

Spring Bank Holiday weekend

Due: Saturday, May 23 Paid: Friday, May 22

Paid: Sunday, May 24 Paid: Friday, May 22

Due: Monday, May 25 Paid Friday, May 22

What if my fee doesn’t go in?

The Department for Work and Pensions instructed Birmingham Live: “If a payment date is on a bank holiday or weekend, customers will be paid on the last working day before the bank holiday weekend.”

If you don’t obtain your fee as anticipated, name 0800 328 9344 from Monday to Friday 8am-6pm.

Note that you simply won’t be able to talk to DWP or Universal Credit workers over the financial institution vacation weekend.

A great tip is to make sure you have your cash earlier than the weekend begins.

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