Universal Credit looks likely to be paid monthly to recipients which could cause budgetory problems for many claimants. No final decision has been made but the recent White Paper on universal credit seems to suggest a monthly payment;
“Universal Credit focuses on encouraging personal responsibility. In line with this approach and the need for consistency with the real-time earnings approach that we are proposing, we are considering whether the period of the assessment and the frequency of payments should be monthly. About 75 per cent of all earnings are paid monthly, including most of those in the lower-earnings brackets. Rent and other major household bills are also usually paid monthly, rather than weekly.
We understand that many people on low incomes will be used to managing fortnightly payments of benefits and will ensure that, whatever the period of payment, there will be appropriate budgeting support to ensure recipients are supported effectively. We want families to be able to manage their financial affairs in a manner that best reflects the demands of modern life, whether in or out of work.”
How will the payment frequency affect you?