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This publication is available at https://www.gov.uk/government/publications/help-with-budgeting-your-universal-credit/universal-credit-help-with-managing-your-money
1. Monthly payments
Universal Credit is paid monthly and is designed to match the way that most salaries are paid. You may be used to managing your money in this way, but help is available if you could do with some support.
Your Universal Credit monthly payment may include an amount towards your rent. You will be responsible for using this money to pay your landlord yourself.
Couples living in the same household will receive one monthly payment between them, which will be paid into a suitable account of your choice. This could be a joint account or a single account in either your name or your partner’s name.
2. Getting ready for Universal Credit
You can prepare for Universal Credit by finding out where you can access the internet and, if you need to, by improving your internet skills.
Find out more about getting ready for Universal Credit by taking these steps:
2.1 Make sure you have a suitable account such as a bank, building society or credit union account, for your monthly payments.
Once you have done this you will need to arrange to manage your finances by:
- considering how best to make sure you pay your regular bills; for example setting up direct debits and/or standing orders to pay your rent, gas, electricity, etc
- working out how you are going to keep track of your spending. Setting up electronic banking can help you keep an eye on your outgoings through the internet
- for couples, considering how best to manage your money together, perhaps by opening a joint account
2.2 Work out your monthly budget by planning ahead and ensuring your bills are paid promptly
There are lots of ways you can manage your money.
- using a budget planner to help make sure your money lasts to the end of the month, for instance, the Money Advice Service has an online money manager support tool which provides free and impartial budgeting information and advice based on your personal circumstances
- writing down what you spend each month and working out how much you will have left over once your bills are paid
- getting budgeting advice from family or friends
- speaking to your local Jobcentre Plus work coach
3. Support through DWP
If you think you may need help with managing your money you can speak to your work coach. They can direct you to the most appropriate support available.
DWP is working with local councils and organisations, like the Money Advice Service and Citizens Advice, to make sure you have access to the help that’s right for you.
4. Support through other organisations
There’s plenty of advice available from other organisations too. Click on the links below to access advice, tools and information that can help you take control of your money:
4.1 The Money Advice Service
The Money Advice Service has an online money manager support tool support tool which provides free and impartial budgeting information and advice based on your personal circumstances.
Debt advice and financial support by telephone or face to face.
Debt advice by telephone or email.
Independent advice – Personalised action plans and self help packs for the general public, and support for money advisers.
National Debtline – Telephone support to help you manage your finances.
My Money Steps – An online service that helps you develop a plan to get greater control of your money.
Free debt advice by telephone and online, including specialist help on self-employment, mortgage arrears and insolvency.
Budgeting advice, information and a range of free online resources.
Helping people in financial hardship to access welfare benefits, charitable grants and other financial help.
- Information and resources: Learn more about welfare benefits, grants and managing money
- Benefits calculator: Check which benefits you might be entitled to and how much you might receive
Free face-to-face, in-depth debt counselling and advice on budgeting, debt management and insolvency, including courses on how to budget and save.