Monday, 5 September 2016

The Lower Overall Benefit Cap: What Do We Need To Know?

The government has confirmed that the new, lower overall benefit cap will be introduced from 7 November. It will see the total value of certain benefits that a working age household can receive reduced from £26,000 per year to £20,000 (or £23,000 in London). The new change will be significant as it will substantially increase the number of households affected. Government figures show that between April 2013 and November 2015, almost 70,000 households had their housing benefit reduced at some time as a result of the existing cap. However most of these were larger families living in relatively high cost parts of the country. Unsurprisingly the cap had the greatest impact in London, with 45 per cent of all those affected living in the capital.  Read more on the CIH website.

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