CHANGES TO YOUR RENT ACCOUNT AND UNIVERSAL CREDIT
On 01 April 2019, your weekly rent charge will change. Your rent will decrease in line with the 1% rent reduction set out by the Government. What does this mean for me?
You must update Universal Credit with the change in your rent on 01 April 2019.
Universal Credit will put a 'To Do' on your journal on 03 April 2019 reminding you to update the change to your rent.
Remember, if you fail to report these changes, you may be overpaid and this will be recovered from your future Universal Credit payments.
53 Week Rent Year
In the financial year April 2019 to March 2020, there are 53 Mondays.
Universal Credit calculate the Housing Element by multiplying the weekly rent by 52 and dividing by 12. This means over the course of the year, you will only be paid Housing Costs for 52 out of 53 weeks and you will have 1 week to pay yourself.
Due to this, you have a monthly shortfall which you will be liable to pay.
If you would like to discuss this further, please contact your Income Management Officer on 01302 862862 or visit your local housing office.