Autumn Budget 2021: Universal Credit taper reduced
27 October 2021
Rishi Sunak has confirmed that changes will be made to Universal Credit (UC) by no later than 1 December 2021.
This will result in claimants keeping an extra 8p for every £1 worth of net income that they receive, as the taper rate will reduce from 63% to 55%.
In addition to this, Work Allowances will be increased by £500 per year, and the UC surplus earnings threshold will remain at £2,500 until the extended date of April 2023.
See the Budget documents in full here.
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