Will the extra £1000 in benefit increases mean I’ll lose Housing Benefit?
Currently, the basic allowance for working tax credit is up to £1,960/year (though what you get depends on your circumstances).
From Monday 6 April, this will also be increased by £20/week for one year for all existing claims – again, this is on top of planned annual increases.
It is the basic allowance that has been increased as part of the award calculation therefore less of your income is taken into account which should make you better off not worse.
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