Unclaimed benefits breakdown
Unclaimed benefits breakdown A few weeks ago we shared that over twelve thousand of our users can claim more than £60 million pounds in benefits they are due every year. These extra benefits can increase our users’ income by almost £5,000 per year or £406 per month, which can be a lifeline for low-income households. […]
Most common benefits in the UK
Most common benefits in the UK The welfare system in the UK has hundreds (if not thousands) of interconnected benefits and emergency grants. Moreover, these benefits and grants are managed by the central, regional and local governments as well as charitable organisations. As a result, it is a formidable challenge to get a holistic view […]
Change in Universal Credit calculation
Change in Universal Credit calculation The Autumn Budget included changes in the Universal Credit calculation that increases the benefits entitlement of working benefit claimants. The Department of Work and Pensions reduced the taper rate and increase the work allowance. In this article, we analyse the impact of these changes on our users’ benefit entitlement and […]
International Day of People with Disabilities
International Day of People with Disabilities The welfare system is designed to protect and support families with members with disabilities. However, benefits claimants have an inherent distrust of the system and are not claiming the benefits they are entitled to. Even when they complete their benefits claims, the assessment process is tainted by a high […]
Child Disability Payment
Child Disability Payment Social Security Scotland has just opened the Child Disability Payment – you can see here the official announcement. We are taking this opportunity to share some insights on the households who will be getting this new benefit and how we’ll adapt our platform to it. The Child Disability Payment (and Disability Living […]
Automated benefits check
Automated benefits check The main success factor of financial wellbeing applications is offering personalised features that require minimum information from customers, and then, proactively offering insights, suggestions and steps that help them to achieve their financial goals. We are witnessing the benefits of this approach first-hand by embedding our benefits calculator in Scotcash affordable loan […]
Benefits for energy bills
Benefits for energy bills In the coming months, UK households’ energy bills will rise by 11% on average (or £139/year) after wholesale gas prices have soared to all-time highs, according to the energy regulator Ofgem. This sharp increase in energy bills will hit particularly hard to vulnerable households, who are already facing rising inflation and […]
Passported benefits entitlement
Passported benefits entitlement We believe that no stone should be left unturned to support vulnerable people, that is why we offer the widest benefits coverage available in the market – you can view here our full benefits coverage. In this new article, we are exploring the additional benefits that we can find for our customers […]
Benefits and personal circumstances
Benefits and Personal Circumstances Households’ circumstances are the main driver of the benefits that each household is entitled to. On average our users were entitled to £885/month, but households in vulnerable circumstances, such as single parents and households with a member with a disability, were entitled to monthly benefits of £1,071 and £1,266 respectively. In […]
Welfare benefits in the workplace
Welfare benefits in the workplace There are over 8mn vulnerable households not claiming benefits because they wrongly assume that they are not eligible or think that the application is too complicated. The most common reasons people assume they are not eligible is because they believe that their income is too high, or they wrongly assume […]