Universal Credit: Repayments

(asked on 18th July 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how many households with deductions in Universal Credit payments for New Claim Loans are on a repayment schedule for this loan of (a) 0-6 months, (b) 6-12 months, (c) 12-18 months, (d) 18-24 months and (e) more than 24 months in the most recent month for which data is available.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 4th September 2023

The information requested is provided in the table below, subject to the caveats set out below

Notes

1. The number of new claim & benefit transfer advances has been rounded to the nearest 100.

2. Some households are repaying more than one new claim or benefit transfer advance. This impacts about 19% of households. For example, a household may take a further New Claim advance within the same assessment if they are within the maximum New Claim Advance amount available. This will appear as two different advances on the system.

3. "New Claim Loan" has been interpreted as new claim advance and figures presented also include benefit transfer advances.

4. Data for February 2023 has been provided, in line with the latest available Universal Credit Household Statistics.

5. Figures are provisional and are subject to retrospective change as later data becomes available

Table 2: Repayment Schedule for New Claim & Benefit Transfer Advances in February 2023

Repayment Schedule (in months)

Number of New Claim & Benefit Transfer Advances being Repaid

0 to 6 months

17,300

7 to 12 months

111,800

13 to 18 months

69,600

19 to 24 months

714,300

More than 24 months

-

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