Budgeting Advance

If you’re currently claiming Universal Credit, a Budgeting Advance is an alternative payment to the Budgeting Loan. You may be able to apply for a Budgeting Advance to get financial help for the following reasons:

  • Emergency household costs such as replacing a broken boiler
  • To help you get a job or stay in work
  • To contribute towards funeral costs

You’ll repay your Budgeting Advance through your Universal Credit payments. These will be reduce until you’ve fully repaid your Budgeting Advance.

If you stop claiming Universal Credit before you’ve finished repaying your Budgeting Advance, you’ll have to repay it from another source.

How much can you borrow for a Budgeting Advance

The minimum amount of money you can borrow with a Budgeting Advance is £100. The maxiumum you can borrow depends on your personal circumstances.

If you’re single you can borrow up to £348.

If you’re part of a couple you can borrow up to £464.

If you have children you can borrow up to £812.

How much money you can get for your Budgeting Advance depends on whether you have savings of over £1,000 and can pay the loan back.

Budgeting Advance Eligibility

To be eligible to get a Budgeting Advance, all of the following must be true:

  • you’ve been claiming Universal Credit, Employment and Support Allowance, Income Support, Jobseeker’s Allowance or State Pension Credit for at least 6 months (unless you need the money to help you start a new job or stay in work)
  • you’ve earned less than £2,600 (£3,600 together for couples) in the past 6 months
  • you’ve repaid any previous Budgeting Advance loans