Millions 'Will Struggle' With Universal Credit Payments

Millions of benefits claimants will struggle to manage their money under Universal Credit, according to research for the Payments Council. When Universal Credit is introduced most people will receive their benefits once a month, rather than once a fortnight as at present. The Payments Council said that 2.7m current claimants will struggle with their finances as a result. Half of people eligible for Universal Credit are concerned about managing cash flow after change to monthly payments.  Four in ten who are eligible for Universal Credit say they prefer to manage their money using cash. The Payments Council has created a new free guide to help people receiving Universal Credit manage their money and understand payments. Download a copy of the guide from the Payments Council website.