Published On: Wed, Dec 4th, 2019

State pension payments are rising in 2020 – how much is full new amount after rise? | Personal Finance | Finance

According to the DWP, around 2.5million people on Universal Credit will see their payments rise by this amount, with the increase estimated to benefit more than 10million people.

Working-age benefits such as Jobseeker’s Allowance, Employment and Support Allowance, Income Support, Housing Benefit, Universal Credit, Child Tax Credits, Working Tax Credits and Child Benefit, have remained at the same level since April 2015.

Despite the upcoming rise, research from the Resolution Foundation has found that some people affected by the freeze will still be hundreds of pounds worse-off by.

According to the Foundation’s analysis, the freeze reduced the real-terms value of working-age benefits by six percent since 2015, and left the average couple with children in the bottom half of the income distribution £580 per year worse-off.

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