Read about DWP Announced to find out more. 6.7% More Benefits: This post has a list of benefits in the UK that will go up by 6.7% next year. DWP Announced Several Details Rise in Benefits by 6.7%: This piece talks about a list of benefits that will go up by 6.7% next year in the UK, as well as other important information.
DWP Announced 6.7% Rise in Benefits
Benefits are going to go up by 6.7% next year, according to the Department of Work and Pensions (DWP). On November 22, 2024, this important news was shared. In 2024, the state salary and benefits will be changed based on the consumer price index from September of that year.
The DWP just recently said that benefits will go up by 6.7%. The new rates will start on April 8, 2024. The basic pension and the new pension will also go up by 8.5%. You can find out more about this important statement by going to the website of the UK Government.
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List of Benefits That Will Rise By 6.7% Next Year in UK
On the website of the UK Government, you can find the suggested benefit and pension rates for 2024 and 2025. The rewards that go up with inflation will go up by 6.7% in 2024.
Since 2011, the UK’s inflation rate is usually checked in September, right before the start of the new fiscal year. CPI is the standard way to figure out inflation. The following things will have an effect on the benefit and salary rates for the next fiscal year:
- CPI in September 2024: 6.7%
- The average weekly wage went up by 8.5% from May to July 2024.
In 2024, some of the perks that will go up are –
UNIVERSAL CREDIT:
The standard amount for people under 25 who are single will go up from £292.11 to £311.68. On the other hand, the normal allowance for couples will go up from £458.51 to £489.23. Other rates for benefits that are part of the Universal Credit will also go up in 2024. These include Child benefits, Carers Allowances, Work Allowances, and more.
| Single Under 25 | £292.11 → £311.68 |
| Single (25 or more) | £368.74 → £393.45 |
| Couples (both under 25) | £458.51 → £489.23 |
| Couples (one or both 25 or more) | £578.82 → £617.60 |
ATTENDANCE ALLOWANCE:
The lower rate of the attendance allowance will go up from £68.10 to £72.65, and the higher rate will go up from £101.75 to £108.55.
| Higher rate | £101.75 → £108.55 |
| Lower rate | £68.10 → £72.65 |
DISABILITY LIVING ALLOWANCE:
The top rate for the Care Component will go up from £101.75 to £108.55, the middle rate from £68.10 to £72.65, and the bottom rate from £26.90 to £28.70.
| Lowest | £26.9 → £28.7 |
| Middle | £68.1 → £72.65 |
| Highest | £101.75 → £108.55 |
The higher rate for the Mobility Component will go up from £71 to £75.75, and the lower rate will go up from £26.90 to £28.70.
| Higher rate | £71 → £75.75 |
| Lower rate | £26.9 → £28.7 |
PERSONAL INDEPENDENCE PAYMENT:
The enhanced part of the daily living component will go up from £101.75 to £108.55, and the regular part will go up from £68.10 to £72.65.
| Enhanced | £101.75 → £108.55 |
| Standard | £68.1 → £72.65 |
The normal part of the mobility component will go up from £26.90 to £28.70, and the enhanced part will go up from £71 to £75.75.
| Enhanced | £71 → £75.75 |
| Standard | £26.9 → £28.7 |
INDUSTRIAL INJURIES DISABLEMENT BENEFIT:
The highest life bonus will go up from £13,780 to £14,700. Depending on the level of disability, the weekly amount will also go up.
| 100% | £207.60 → £221.50 |
| 90% | £186.84 → £199.35 |
| 80% | £166.08 → £177.20 |
| 70% | £145.32 → £155.05 |
| 60% | £124.56 → £132.90 |
| 50% | £103.80 → £110.75 |
| 40% | £83.04 → £88.60 |
| 30% | £62.28 → £66.45 |
| 20% | £41.52 → £44.30 |
People with a 100% level of disability will get £221.50 a week, while people with a 20% level of disability can get up to £44.30 a week in 2024.
STATUTORY PATERNITY PAY:
From £172.48 to £184.03, the standard amount of statutory paternity pay will go up.
| Standard rate | £172.48 → £184.03 |
STATUTORY SICK PAY:
From £109.40 to £116.75, the standard amount of statutory sick pay will go up.
| Standard rate | £109.40 → £116.75 |
STATUTORY MATERNITY PAY:
From £172.48 to £184.03, the standard amount of statutory maternity pay will go up.
| Standard rate | £172.48 → £184.03 |
INCAPACITY BENEFIT:
The amount of money given for long-term disability will go up from £130.20 to £138.90. The short-term disability benefit for people under the age of 65 will go up from £116.20 to £124 (higher rate).
The higher amount of the short-term incapacity benefit for people over the age of 65 will go up from £130.20 to £138.90.
SEVERE DISABLEMENT ALLOWANCE:
The main rate of the benefit for people with severe disabilities will rise from £92.20 to £98.40. Also, the higher rate will go up from £13.8 to £14.7. Both the middle rate and the lower rate will go up from £7.65 to £8.15.
| Basic rate | £92.20 → £98.40 |
Age-related addition:
| Lower rate | £7.65 → £8.15 |
| Middle rate | £7.65 → £8.15 |
| Higher rate | £13.80 → £14.70 |
STATUTORY ADOPTION PAY:
Starting on April 8, 2024, the legal adoption pay will go up by 6.7%. The legal amount of money given for adoption will go up from £172.48 to £184.03.
| Standard Rate | £172.48 → £184.03 |
The income limit, on the other hand, will stay the same at £123.
Besides these perks and state pensions, a lot of other things will also go up by 6.7% in 2024. On the official website of the UK Government, you can find a full list of all the pensions and perks that will go up in 2024.