Rishi Sunak revealed today the £20 weekly Universal Credit uplift is carrying on in what is massive news for millions.
Payments are being extended for another six months, the Chancellor announced in a boost for low-income households.
The lifeline is part of his Budget to help the country's coronavirus recovery.
More than 600,000 additional people, including many of the self-employed who previously missed out on grants, will also get support, it was also announced.
Sunak pledged to do "whatever it takes" to help people and businesses through the coronavirus pandemic.
Universal Credit will be increased until September and is seen as vital support for struggling families.
The uplift, which is worth an additional £1,040 a year, was supposed to be stopped this month.
But addressing the nation, the Chancellor said: "We’ll provide Working Tax Credit claimants with equivalent support for the next six months.
"Because of the way that system works operationally, we’ll need to do so with a one-off payment of £500.
"And over the course of this year, as the economy begins to recover, we are shifting our resources and focus towards getting people into decent, well-paid jobs."
Money is automatically added to the accounts of those claiming.
Budget 2021: Booze avoids price hike ahead of 'Mad Monday' UK sesh
The news means claimants will continue to get the extra cash until the autumn.
The support scheme is expected to then be phased out with only the poorest of families then able to claim the increased payments.
The pandemic has pushed hundreds of thousands of more people onto the benefits system.
As of January, six million Brits were claiming Universal Credit, alarming figures showed.
Who gets the £20 weekly payment boost?
The Government website reads: "You can apply for Universal Credit if you are on a low income or unemployed.
"You will usually only be able to claim Universal Credit if you are aged 18 or over, but some people aged 16 or 17 can get it, depending on their circumstances."
Everyone who claims gets the £20 a week hike, regardless of what elements you are entitled to.
Earnings and individual circumstances are not taken into account – and both new and old claimants will get it.
Because the benefit is paid monthly, it will be added to the amount you normally receive every month.
Source: Read Full Article