Welfare Benefits Entitlement Cap
Welfare Benefits Entitlement Cap
You may have noticed recent press coverage of the reduction in the existing benefit cap. Currently the maximum benefit a family can receive is £26,000 per year.
However, from Autumn 2016 that maximum amount will reduce to £20,000, if you live in London the maximum will be £23,000.
This will be a massive financial shock for many families but it does not apply to those getting working tax credits and some disability benefits.