Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

730,000 Claimants Affected: DWP Announces Phase-out of Tax Credits – Migrating to Universal Credit through April 2025

The DWP is ending Tax Credits and moving all claimants to Universal Credit by April 2025 to simplify the benefits system.

DWP Announces End of Tax Credits, Transitioning All Claimants to Universal Credit by 2025 to Streamline Benefits System

According to the published article in Mirror, The Department for Work and Pensions (DWP) has announced it will end Tax Credits and move everyone to Universal Credit by April 2025. Right now, around 730,000 people get a Working Tax Credit or Child Tax Credit. New rules will stop people from renewing their Tax Credits or switching between the two. After April 6, 2025, no new Tax Credit claims will be allowed.

The DWP is making this change to simplify the benefits system. They are moving people from older benefits, like Tax Credits and Housing Benefit, to Universal Credit. This process was paused during the COVID-19 pandemic but started again last year. People will get a letter telling them when to switch and will have three months to apply for Universal Credit. If they don’t, their benefits will stop.

READ ALSO: $3 Million In Federal Grants: 5 SoCal Communities Get Boost To Clean Up Polluted Sites For Sustainable Development – Check It Now!

730,000 Claimants Affected: DWP Announces Phase-out of Tax Credits – Migrating to Universal Credit through April 2025 (PHOTO: The Mirror)

Tax Credit Claimants Must Switch to Universal Credit by July for Streamlined Benefits Access

Furthermore, for those on Tax Credits now, the last time to renew will be this July. After that, they must switch to Universal Credit. You can apply online, by phone, or at a Job Centre. After applying, it will take five weeks to get the first Universal Credit payment. The goal is to make the benefits system easier and more efficient for everyone.

READ ALSO: 2,400 Families In New York City Waitlisted For Free 3-K Program: Uncertainty And Frustration Mount!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...