Glossary · Benefits
Universal Credit (UC)
Last reviewed:
Definition: A means-tested benefit for working-age people on low income or out of work. Replaces six legacy benefits including Housing Benefit and tax credits.
Calculated monthly based on income, savings (up to £16,000), housing costs and household circumstances. Includes work allowances and a taper rate (currently 55%) reducing the award as earnings rise.
Primary source: gov.uk/universal-credit