Universal Credit UK: Claimants could possibly apply for bonus cash | Personal Finance | Finance

With essentially the most an individual pays into their account every calendar month being £50, this works out at a most of £2,400 over 4 years.

As such, essentially the most an individual can earn from the financial savings in 4 years is £1,200 in bonus cash.

Some might want to withdraw cash throughout this time – however how will it have an effect on the bonus?

Gov.uk states that if an individual withdraws the cash, will probably be more durable for them to:

  • Grow the best steadiness
  • Earn the most important attainable bonuses.

“Withdrawing money could mean you are not able to earn a final bonus – depending on how much you withdraw and when,” it provides.

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