The MoneySavingExpert founder has warned that millions could be missing out on thousands
Martin Lewis has issued an urgent warning to UK residents earning less than £35,000 per year, as they could be eligible for a payout of nearly £6,000. The financial advice expert is determined to make workers aware of the potential government assistance available to them through Universal Credit, which can provide crucial support for those earning below or at the national average.
MSE, the comparison site he established in 2003, suggests that workers earning under £35,000 are most likely to miss out on payments from this comprehensive benefit, but individuals earning up to £60,000 may also not be receiving all the benefits they're entitled to. Households with higher incomes can also qualify for financial aid if they have children and face increased childcare costs.
Previously speaking on Good Morning Britain, he stated: "Let's start with Universal Credit 1.25 million people missing out on an average of around 9600 pounds a year. Who should be checking if they're entitled to these benefits? " He continued, "OK, so universal credit is the catch-all benefit for people of working age to help with living and housing. Now, the crucial thing to understand here is this is not just for people out of work.
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