MILLIONS of people on Universal Credit and other benefits are still missing out on a bonus worth up to £1,200 from the Help to Save scheme. As part of Help to Save , you get 50p for every £1 you set aside into a special account, up to a maximum bonus of £1,200 over four years. To get the maximum bonus, you would need to save £2,400 over the four years. Around 264,800 people have opened a Help to Save account since its launch in September 2018 , according to new figures released by the government today. It means millions of people are still missing out on opening an account and cashing in on the tax-free bonuses. When the Help to Save scheme first opened, more than 3.5million people were estimated to be eligible for an account. Best savings accounts for your cash right now HELP to Save offers a higher effective rate of interest than what you'd earn with a regular savings account or bank account. For example, the top easy-access savings accounts right … [Read more...] about Millions on Universal Credit still missing out on Help to Save £1,200 bonus
Fortnightly universal credit payments
THE rumour mill is gathering pace with the Budget just days away. Chancellor Rishi Sunak is believed to be plotting a pensions raid and business tax hike alongside more support for workers and struggling families. The Budget will be held on Wednesday March 3. The Chancellor takes centre-stage as he outlines the government's plans for tax hikes, cuts and things like changes to Universal Credit and the minimum wage. It is due to take place at around 12.30pm, once Prime Minster's questions ends in the House of Commons. The update is likely to focus on the economic fallout from the coronavirus crisis. What is the Budget? THE Budget is when the government outlines its plans for tax hikes, cuts and things like changes to the minimum wage. It's different to the Spending Review , which sets out how much public cash will go towards funding certain departments, devolved government's and services, such as the NHS. The Budget is read out in the House of Commons … [Read more...] about Budget 2021 predictions including furlough and universal credit extension
(CBS DETROIT) – BorgWarner is taking further action in its commitment to diversity through a donation of $925,000 for scholarships for Kettering University students. The BorgWarner Scholars Program will aim to distribute annual scholarships to students in financial need, with a primary focus on African American and Hispanic students who have an interest in participating in an engineering co-op at BorgWarner. Kettering University and BorgWarner will work together to identify students in underserved communities through various recruitment efforts. Through the endowment, Kettering University will be able to award scholarships – with nearly $40,000 earmarked annually. Students will be on-site, full time at BorgWarner during their paid co-op rotations which start freshmen year. During these rotations, students will gain over two years of real-world experience working alongside BorgWarner engineers and mentors, gaining skills to support and supplement their schoolwork and … [Read more...] about BorgWarner Donates $1,025,000 To Kettering University To Support Opportunities For Minorities
( CBS Detroit ) — A third stimulus check, worth $1,400, is currently progressing through Congress as part of the Biden administration’s $1.9 trillion relief package. The American Rescue Plan also features increased unemployment benefits, a higher child tax credit and a $15 minimum wage, as well as billions more dollars to stop the spread of COVID-19. These and other programs are meant to aid millions of Americans facing financial hardship brought on by the pandemic and support the economy as vaccinations continue. How the bill evolves in the coming days will determine how much money actually reaches the public. President Biden and politicians from both parties support giving Americans another stimulus check. And they support doing it quickly. However, Republicans have pushed back against the overall price tag and other specific aspects of the plan, like the minimum wage hike. Democrats control both houses of Congress and are willing to pass stimulus legislation on a straight … [Read more...] about Stimulus Check Latest: Will Your Next Relief Payment Be $1,400?
SINGAPORE: About 470,000 lower-income Singaporean workers will receive their Workfare Special Payment payouts from Oct 28, the Ministry of Finance said on Friday (Oct 23). The special payment was announced by Deputy Prime Minister Heng Swee Keat in the Resilience Budget on Mar 26, as a step to provide greater assurance and support to Singaporeans who need more help during the uncertain COVID-19 period. It provides a cash payout of S$3,000 for each eligible recipient, disbursed over two payments in July and October. In his ministerial statement on Aug 17, Mr Heng, who is also finance minister, said eligibility for the Workfare Special Payment would be widened to include more than 70,000 additional workers who receive Workfare Income Supplement for their work done in 2020, and who are not already receiving Workfare Special Payments. These 70,000 additional workers will receive the full Workfare Special Payment payout of S$3,000 from this month, said MOF. This brings the … [Read more...] about 470,000 lower-income Singaporeans to receive Workfare Special Payment payouts in October