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Logo. Universal Credit is a United Kingdom based social security payment. It is means-tested and is replacing and combining six benefits, for working-age households with a low income: income-related Employment and Support Allowance (ESA), income-based Jobseeker's Allowance (JSA), and Income Support; Child Tax Credit (CTC) and Working Tax Credit (WTC); and Housing Benefit.
For those who are still getting Income-based JSA or are getting Universal Credit, and having savings of over £6,000, there is a reduction of £1 per week per £250 of savings up to £16,000. People with savings of over £16,000 are not able to get Income-based JSA or Universal Credit at all. [ 71 ]
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As with Universal Credit, there is an additional Element available for people suffering from certain levels of disability. The additional amount is called Extra Amount for Severe Disability and amounts to £53.65 per week (in 2010/11 prices); as with most elements of Pension Credit, it is added to the core amount, and the whole thing is paid as ...