Currently, benefit caps can vary depending on the claimant’s circumstances and location within the Country.
Claimants outside of Greater London can receive a maximum of £384.62 per week from benefits if they’re in a couple or are a single parent.
If the claimant is single with no children, the cap will decrease to £257.69 per week.
Claimants living in the capital will have a cap of £442.31 placed on them if they’re in a couple or have children, with singletons once again seeing a decrease to £296.35
If a Universal Credit claimant has between £6,000 and £16,000 in savings their payments will also be affected.
The government will assume that if claimants have more than £6,000 in savings, it will provide the claimant with a monthly income of £4.35 for each £250 or part of £250, they will then lower the Universal Credit payments accordingly.
People who have more than £16,000 in savings, either by themselves or split with a partner, will simply not be able to claim Universal Credit at all.
Full details on Universal Credit eligibility can be found on the governments website.