Draft Benefit Rates 2017/2018

Draft Benefit Rates 2017/2018

Main changes to Benefit Rates for 2017/2018

  • Many rates of benefit remain frozen due to the Welfare Cap.
  • There is a small increase in disability benefits.
  • Pensioner benefits to rise in line with the ‘triple lock’.
  • Changes to Universal Credit including a decrease in the earnings taper from 65% to 63%,  removal of the first child element and changes for up to 2 children only.
  • Child Tax Credit changes for up to 2 children only and the removal of the family element/ higher child element under Universal Credit.
  • The loss of the WRAC component of ESA and equivalent in Universal Credit.
  • The reduction in the Benefit Cap for those in London and the larger reductions outside of London.
  • The Carer’s Allowance Earnings Rule will be increased from £110 to £116 a week.
  • Non-Dependant Deductions (NDDs) will also be up-rated in line with prices.

The poster will be finalised in April 2017.