Universal credit recipients to get money advice

15 Feb 17

Universal credit claimants can now receive free support for their personal finances through an online money management tool.

The money manager has been launched by the Money Advice Service in collaboration with the Department for Work and Pensions.

It is an interactive tool that offers personalised advice for Universal Credit claimants on a range of money topics, such as opening a bank account, paying bills and dealing with debt.

The service has been designed to help people make the transition from Universal Credit to the world of work.

Damian Hinds, employment minister at DWP, said: “Universal Credit gives people back control of their own lives and finances, and makes the transition into work much smoother.

“Our work coaches offer budgeting support to all new claimants and this tool will help more people get all the skills they need to manage their money.”

Claimants will be able to find personalised information about bank accounts, help with setting up direct payments to landlords, budgeting, and saving money on regular bills.

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