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NEW BENEFIT PAYMENT RATES FROM APRIL 2023

NEW BENEFIT PAYMENT RATES FROM APRIL 2023

Millions of people across the country will see their benefit payments and State Pension go up by 10.1% from next month. The Chancellor has confirmed that State Pension, disability, and most working age benefits will increase from April, in line with the rate of inflation in September. This means that on average, a family on Universal Credit will benefit by around £600 this year.

The benefit cap will also rise in line with inflation, increasing from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally – lower caps for single households without children will rise from £15,410 to £16,967 in Greater London and from £13,400 to £14,753 nationally.

Here’s the full list of payments from the Department for Work and Pensions and HM Revenue and Customs – and how much they will increase next month.

Weekly rates are shown, unless otherwise stated and have been rounded as per the UK Government policy.

Attendance Allowance

Higher rate: £101.75 (from £92.40)

Lower rate: £68.10 (from £61.85)

Carer’s Allowance

April 2023 rate: £76.75 (from £69.70)

Disability Living Allowance / Child Disability Payment

Care Component

Highest: £101.75 (from £92.40)

Middle: £68.10 (from £61.85)

Lowest: £26.90 (from £24.45)

Mobility component

Higher: £71.00 (from £64.50)

Lower: £26.90 (from £24.45)

Employment and Support Allowance (ESA)

Under 25: £67.20 (from £61.05)

25 or over: £84.80 (from £77.00)

Incapacity Benefit (long-term)

April 2023 rate: £130.20 (from £118.25)

Income Support

Under 25: £67.20 (from £61.05)

25 or over: £84.80 from (£77.00)

Jobseeker’s Allowance (contributions based)

Under 25: £67.20 (from £61.05)

25 or over: £84.80 (from £77.00)

Jobseeker’s Allowance (income-based)

Under 25: £67.25 (from £61.05)

25 or over: £84.80 (from £77.00)

Maternity/Paternity/Shared Parental Allowance

Standard rate: £172.48 (from £156.66)

Pension Credit

Single: £201.05 (from £182.60)

Couple: £306.85 (from £278.70)

Personal Independence Payment (PIP) / Adult Disability payment

Daily Living Component

Enhanced: £101.75 (from £92.40)

Standard: £68.10 (from £61.85)

Mobility Component

Enhanced: £71.00 (from £64.50)

Standard: £26.90 (from £24.45)

State Pension

Full New State Pension: £203.85 (from £185.15)

Basic Old State Pension (Category A or B): £156.20 (from £141.85)

Widow’s Pension

Standard rate: £139.10 (from £126.35)

Universal Credit (Monthly rates shown)

Standard allowance

Single under 25: £292.11 (from £265.31)

25 or over: £368.74 (from £334.91)

Couple

Joint claimants both under 25: £458.51 (from £416.45)

Joint claimants, one or both 25 or over: £578.82 (from £525.72)

Child Benefit payment rates for 2023/24

There are two Child Benefit rates in place.

Current rates per week

Eldest or only child – £21.80

Additional children – £14.45

New rates per week – from April 2023

Eldest or only child – £24.00

Additional children – £15.90

Guardian’s Allowance rates from April 2023

The new weekly rate for Guardian’s Allowance will be £20.40 – an increase of £1.85 on the current 2022/23 rate of £18.55.

Working Tax Credit rates for 2023/24 (yearly amount shown)

Working Tax Credit is paid to people who are in work and on a low income – it does not matter whether you are an employee or self-employed, and you do not need to have children to get the payment.

Child Tax Credit is paid to people who have children and is paid in addition to Child Benefit and the Scottish Child Payment – you do not have to be working to receive it.

Here are the details of the proposed new payment thresholds and rates for the 2023/24 financial year.

Working Tax Credit income threshold

2023/24 rate: £7,455

2022/23 rate: £6,770

Basic element

2023/24 rate: £2,280

2022/23rate: £2,070

Couples and lone parent element

2023/24 rate: £2,340

2022/23 rate: £2,125

30-hour element

2023/24 rate: £950

2022/23 rate: £860

Disabled worker element

2023/24 rate: £3,685

2022/23 rate: £3,345

Severe disability element

2023/24 rate: £1,595

2022/23 rate: £1,445

Child Tax Credit rates for 2023/24 (yearly amount shown)

Child Tax Credit income threshold

2023/24 rate: £18,725

2022/23 rate: £17,005

Family element

2023/24 rate: £545 (no change)

2022/23 rate: £545

Child and qualifying young person element

2023/24 rate: £3,235

2022/23 rate: £2,935

Child disability element

2023/24 rate: £3,905

2022/23 rate: £3,545

Severely disabled rate of the child disability element

2023/24 rate: £1,575

2022/23 rate: £1,430