{"id":143710,"date":"2023-11-26T16:30:18","date_gmt":"2023-11-26T16:30:18","guid":{"rendered":"https:\/\/celebrity-hub.com\/?p=143710"},"modified":"2023-11-26T16:30:18","modified_gmt":"2023-11-26T16:30:18","slug":"how-much-will-benefit-payments-increase-in-2024-the-sun","status":"publish","type":"post","link":"https:\/\/celebrity-hub.com\/lifestyle\/how-much-will-benefit-payments-increase-in-2024-the-sun\/","title":{"rendered":"How much will benefit payments increase in 2024? | The Sun"},"content":{"rendered":"

MILLIONS of households on benefits will see their payments rise next year, the government has confirmed.<\/p>\n

Universal Credit and many other benefits will rise in line with\u00a0September's inflation\u00a0rate of 6.7% next April.<\/p>\n

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As part of his\u00a0Autumn Statement, Jeremy Hunt previously explained what will happen with benefits next year.<\/p>\n

It came after previous concerns that the government was planing to use a lower inflationary figure, which would've left millions of people hundreds of pounds worse off.<\/p>\n

Benefit payments usually rise each year in April, based on how much prices are rising in the previous September.<\/p>\n

For instance, last April, benefits rose by 10.1% in line with inflation from September 2022.<\/p>\n

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Inflation\u00a0is higher than wage growth, which means if the government uses wages then payments will not rise by as much – and would be a cut in real terms.<\/p>\n

A real-terms pay cut is when your pay rises below the level of inflation.<\/p>\n

Benefit amounts vary depending on which type you're on, including Universal Credit, so payments will be different for each person.<\/p>\n

Below we explain how much each benefit payment is rising by in April 2024, based on the 6.7% inflation rate.<\/p>\n

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It's always worth checking that you're getting all the benefits you're entitled to by\u00a0using a free benefits checker.<\/p>\n

Universal Credit<\/h2>\n

More than five million people claim Universal Credit, which was first introduced in 2013.<\/p>\n

The average family on Universal Credit will see an increase of around \u00a3470 a year from April 2024.<\/p>\n

This is the equivalent of an increase of around \u00a339 per month.<\/p>\n

Under the system, you receive different monthly amounts depending on your circumstances:<\/p>\n