Mini-budget 2022: what it means for you

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2022/23 She receives a universal credit payment of £335 a month, which adds up to £4,019 over the year. Financial assistance with housing costs depends on the property and where she rents.

She will also receive cost of living payments worth a total of £650.2023/24 The benefits increase will be based on September’s inflation figure; however, the government says UC claimants working less than 15 hours a week have to show they are trying to get more work or risk having their payments cut.2022/23 He pays £4,284 a year in income tax while his national insurance (NI) bill is £2,839.

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