People are facing financial hardship, due to an increase in the price of essential products. The Department for Work and Pension has proposed a 6.7% increase in all the benefit programs, to give financial relief to such citizens of the country. In 2024, the DWP is announcing various changes and updates in their schemes. Furthermore, state pensions will increase to up to 8.5%. The increase is announced in benefits to support mainly those people who have fixed incomes.
This increase is announced to stabilize the inflation with the prices of the products and services. It is a part of the DWP’s annual review analysis system with Consumer Price Index (CPI). This increase will impact the benefits that DWP provides, which includes, Attendance Allowance, Universal Credit, Disability Living Allowance etc.
DWP Declared 6.7% Boost In Benefits 2024
| Article | DWP Announced 6.7% Increase in Benefits |
| Country | United Kingdom |
| Administered by | Department for Work and Pension |
| Increased Percentage | 6.7% |
| Adjustment Date | April 8, 2024 |
| Post Category | Finance |
| Official Website | GOV.UK. |
6.7% Boost in benefits in 2024
In 2024, benefits that are associated with inflation will see a boost of 6.7%. These benefits include pension schemes and various benefits. It includes-
1) Attendance Allowance
2) Statutory Sick Pay
3)Additional State Pension
4) Universal Credit
5) Disability Living Allowance
6) Several other benefits
The inflation in the UK is generally assessed in September. Furthermore, inflation is calculated by CPI. For the forthcoming financial year, the pension and benefit rates are afflicted by the following aspects:-
- CPI – 6.7% (September 2024)
- Average weekly earnings- 8.5% (May-July 2024)
Universal Credit
The increase in Universal Credit amount is mentioned below-
| Single (Under 25) | £292.11 → £311.68 |
| Single (Above 25) | £368.74 → £393.45 |
| Couples (Both under 25) | £458.51 → £489.23 |
| Couples (One or both 25 or above) | £578.82 → £617.60 |
Attendance Allowance
The increase in the rates of Attendance Allowance is as follows-
| Higher Rate | £101.75 → £108.55 |
| Lower Rate | £68.10 → £72.65 |
Disability Living Allowance
The increase in the Disability Living Allowance Amount is mentioned below-
Care Component
| Highest | £101.75 → £108.55 |
| Middle | £68.1 → £72.65 |
| Lowest | £26.9 → £28.7 |
Mobility Component
| Higher Rate | £71 → £75.75 |
| Lower Rate | £26.9 → £28.7 |
Personal Independence Payment (PIP)
The changes in the payment of PIP are as follows-
Daily Living Component
| Enhanced | £101.75 → £108.55 |
| Standard | £68.1 → £72.65 |
Mobility Component
| Enhanced | £71 → £75.75 |
| Standard | £26.9 → £28.7 |
Industrial Injuries Disablement Payment
People who have their disability level as 100%, they will receive 221.50 pounds. People with 20% disability level will receive 44.30 pounds per week. The detailed increased amounts are as follows-
| 100% | £207.60 → £221.50 |
| 90% | £186.84 → £199.35 |
| 80% | £166.08 → £177.20 |
| 70% | £145.32 → £155.05 |
| 60% | £124.56 → £132.90 |
| 50% | £103.80 → £110.75 |
| 40% | £83.04 → £88.60 |
| 30% | £62.28 → £66.45 |
| 20% | £41.52 → £44.30 |
Statutory Benefits
The increase in the amounts of Statutory Benefits are as follows-
| Statutory Paternity Pay | £172.48 → £184.03 |
| Statutory Maternity Pay | £172.48 → £184.03 |
| Statutory Sick Pay | £109.40 → £116.75 |
| Statutory Adoption Pay | £172.48 → £184.03 |
Additional State Pension
The increase in the state pension will provide better financial support to the pensioners.
| Additional State Pension | £204.68 → £218.39 |
Incapacity Benefit
The increase in the amount of incapacity benefit is as follows-
| Long-term incapacity | £130.20 → £138.90 |
| Short-term incapacity (Above State Pension Age) | £130.20 → £138.90 |
| Short-term incapacity (Under State Pension Age) | £116.20 → £124.00 |
Severe Disablement Allowance
The increased amount of severe disablement allowance-
| Basic Rate | £92.20 → £98.40 |
| Home Page | https://baltimoreoutloud.com/wp/ |
Age-Related Addition
| High Rate | £13.80 → £14.70 |
| Middle Rate | £7.65 → £8.15 |
| Low Rate | £7.65 → £8.15 |
FAQs for DWP Declared 6.7% Boost In Benefits
Yes, the list of increased benefits is available on the official government site.
The benefits are set to increase to up to 6.7% in 2024.
Yes, in 2024, the state pension will also increase to up to 8.5%.
The adjustment will come into effect from April 8, 2024.
Calista Embry is a finance journalist who graduated from Johns Hopkins University. She has a passion for writing and researching the impact of finance on social life.