Hardship payment universal credit

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

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?

A bipartisan group of more than 100 members of Congress signed on to a letter sent Thursday to the Internal Revenue Service urging the agency to address persistent "large-scale" problems with Economic Impact Payments that have not yet been delivered to constituents. The effort to send the letter to the IRS was led by three representatives from the state of Washington—Democrats Suzan Delbene and Danny Heck as well as Republican Cathy McMorris Rodgers—and GOP Representative Jackie Walorski of Indiana. Additionally, 107 other lawmakers representing states across the country signed on to the bipartisan letter. "While millions successfully received their stimulus checks, some who are facing financial hardship because of #COVID19 are still waiting for their payment," Delbene tweeted, sharing screenshots of the message to the IRS. "If we were able to escalate each constituent facing one of these, or many other issues, and receive a timely and clear individual response on that … [Read more...] about ‘Large-Scale’ Issues With Stimulus Payments Need to Be Fixed Promptly, 111 Bipartisan Lawmakers Say