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Money Matters: Ask Lee

Q. I’ve heard lots about Universal Credit (UC) again recently, what do I need to do? Do I have a choice about moving to UC?

A. “Are you on one of the six legacy benefits that UC is replacing? If so, then you might have heard that you will get a letter from the DWP telling you that you have to claim Universal Credit. This process is being called Managed Migration by the Government and is happening over the next five years.

A relatively small number of people – those who only currently receive Tax Credits – will be part of this year’s managed migration rollout so it isn’t happening yet for most of us. But if you do get a letter and you’re not sure what it’s asking you to do, then just get in touch and we’ll help.

It might be financially beneficial for people on other legacy benefits to make the switch to UC early, however it could make you worse off. We’re here to help. If you want a hand to know whether it's right for you to switch now, please get in touch with our Money Matters Team and we'll check it out for you."

 

Are you missing out?

You might have heard in the news recently that £19billion of benefits are going unclaimed each year. Could you be entitled to some of that money?

If you’ve had a change in circumstances recently or you’ve not reviewed your finances for a while, it could be well worth double checking. A quick confidential benefit check by our Money Matters Team will find out for you. What have you got to lose?

Get in touch: For free, independent support, call the Money Matters Team on 0800 164 0111 or email moneymatters@karbonhomes.co.uk. 

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