Work and Pensions written question – answered at on 12 October 2011.
To ask the Secretary of State for Work and Pensions what estimate he has made of the number of households in (a) the UK and (b) Scotland that are in receipt of tax credits that will have their universal credit payment (i) capped and (ii) reduced below their existing tax credit entitlement as a result of the application of rules on the treatment of capital under the universal credit scheme.
A package of transitional protection is being developed in order to ensure that there will be no cash losers as a direct result of the move to universal credit where circumstances remain the same.
Departmental analysis estimates that in the long run around 100,000 households in Great Britain who would have been in receipt of tax credits may be affected by the capital rules (capital limit and tariff reduction) in universal credit.
Due to a small sample size it is not possible to provide a robust estimate for Scotland.
This analysis has been modelled using the Department's Policy Simulation Model (PSM) based on the Family Resources survey (FRS).
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