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UK households earning up to £50,000 may qualify for Universal Credit, despite a typical cutoff of £35,000.
UK households earning up to £50,000 may still qualify for Universal Credit, despite the typical threshold of £35,000, according to Money Saving Expert, which notes around 1.7 million families miss out on an average £6,700 yearly.
The Department for Work and Pensions says earnings reduce benefits by 55p for every £1 earned, starting at £411 or £684 monthly, depending on housing status.
Self-employed people must report income, and savings over £6,000 trigger reductions, with full eligibility ending at £16,000 unless transitioning from Tax Credits.
Other income sources can also affect payments, which may rise if work stops or income drops.
Los hogares del Reino Unido que ganan hasta £50,000 pueden calificar para el Crédito Universal, a pesar de un límite típico de £35,000.