Work and Pensions written question – answered at on 16 March 2011.
To ask the Secretary of State for Work and Pensions if he will estimate the number of (a) households and (b) individuals in (i) Glasgow North East constituency, (ii) Glasgow, (iii) Scotland and (iv) the UK with savings of between £6,000 and £16,000 who will have reduced eligibility for universal credit in each of the four years following its introduction.
After the introduction of the universal credit there will be a number of years of transition as existing cases migrate to the new system. It is not possible to produce estimates on a year-by-year basis during this transition period.
Transitional protection will ensure that there are no cash losers at the point of transition as a result of changes in the way benefit is calculated.
Under universal credit an assumed income will be taken into account where a single claimant or couple has capital of between £6,000 and £16,000. This is exactly the same as now for income support, income-based jobseeker's allowance income-related employment and support allowance and housing benefit but is different from the current position in tax credits.
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