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This means that if you receive a letter in July,\u00a0you'll have until the end of October\u00a0to move over to Universal Credit.<\/p>\n
But if you fail to do this within the allotted time frame, you could lose your benefit payments.<\/p>\n
A number of locations have already received notices and should have moved over to Universal Credit already.<\/p>\n
Over two million people are still on old-style\u00a0legacy benefits, but the government plans to move the majority of them onto\u00a0Universal Credit\u00a0by the end of 2024.<\/p>\n
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In most cases, individuals will be\u00a0better off following a move from legacy benefits to Universal Credit.<\/p>\n
But 300,000 could be worse off, and should not move until they are asked to so their payments are protected, or they could lose cash.<\/p>\n
Where an individual's Universal Credit payment is lower than their legacy benefits entitlement, they will usually be entitled to a top-up payment known as\u00a0Transitional Protection.\u00a0<\/p>\n
This means that their Universal Credit entitlement will be the same as their legacy benefit entitlement at the point they move.<\/p>\n
It's also worth noting that a change in circumstances before you receive a managed migration notice might trigger the move to Universal Credit earlier, for example, a change of job or address.<\/p>\n
But in cases like this, you won't be eligible for Transitional Protection.<\/p>\n
You can also choose to move over to Universal Credit from tax credits at any time – but it is best to check before doing so as you might not be better off.<\/p>\n
You should consider carefully what moving over means for your money, as you can't move back once you're on Universal Credit.<\/p>\n
Using an online benefits calculator can help you compare and are free and easy to use from charities such as\u00a0Turn2Us\u00a0and\u00a0EntitledTo, and it's also worth asking them for advice.<\/p>\n
What is Universal Credit?<\/h2>\n
Universal Credit is a welfare scheme that was designed to combine a number of old "legacy benefits" into a single monthly payment.<\/p>\n
Whether you are eligible will depend on your individual circumstances.<\/p>\n
You may be eligible if you meet all of the following criteria:<\/p>\n
\n- You\u2019re on a low income or out of work<\/li>\n
- You\u2019re 18 or over (there are some exceptions if you\u2019re 16 to 17)<\/li>\n
- You\u2019re under State Pension age (or your partner is)<\/li>\n
- You and your partner have \u00a316,000 or less in savings between you<\/li>\n
- You live in the UK<\/li>\n<\/ul>\n
How much is Universal Credit?<\/h2>\n
Universal Credit payments are made up of a standard allowance and then various additional payments that depend on your circumstances.<\/p>\n
This is how much you will get as your standard allowance each month:<\/p>\n
\n- Single, under 25<\/strong>\u00a0– \u00a3292.11<\/li>\n
- Single, 25 or over<\/strong>\u00a0– \u00a3368.74<\/li>\n
- Couple, joint claimants both under 25<\/strong>\u00a0\u00a0– \u00a0\u00a3458.51 (for both)<\/li>\n
- Couple, joint claimants, one or both 25 or over<\/strong>\u00a0– \u00a3578.82 (for both)<\/li>\n<\/ul>\n
You may also get additional payments depending on your circumstances.<\/p>\n
You may be able to get a top-up if you have children:<\/p>\n