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<p>Universal Credit new claim and benefit transfer advances provide access to a payment
for those in financial need, which can be accessed on the same day, until their first
UC payment is due, ensuring no one has to be left without means of financial support.</p><p>A
budgeting advance is available for one-off unexpected financial events for Universal
Credit claimants and is repayable over a period of up to 12 monthly instalments. Claimants
might be able to get help for things such as: emergency household costs, getting a
job or staying in work or funeral costs.</p><p>Of the Universal Credit claims repaying
an existing advance:</p><p>a) 8% of these claims received a budgeting advance which
was the maximum amount available to them</p><p>b) 13% of these claims received a budgeting
advance to be paid over the maximum time period allowed</p><p>c) Information regarding
those budgeting advances repaid within the pre-agreed time period is not readily available,
and to provide it would incur disproportionate cost.</p><p> </p><p>Notes:</p><ol><li>Figures
relate to Universal Credit full service only</li><li>Figures relate to claims repaying
an advance between March 2018 and February 2019</li><li>Figures are rounded to the
nearest %</li><li>Budgeting advances with a value of £348, £464 and £812 have been
used for proportion of claimants receiving the maximum available advance, as the values
relate to the maximum entitlement dependent on the claimant's circumstances</li></ol><p>
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