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Government Allowances
Government Allowances:
Most benefits are going up by either 5.7% or 6.7%, in line with either the UK or IOM CPI rate as of September 2023.
- Maternity, adoption and paternity allowances are all going up 15% - maximum rates will rise from £210 to £241.50 a week. The maternity allowance standard rate will rise from £182.90 to £210.35. Meanwhile, maternity payment is going up 7.1% and will be a lump sum of £750.
- Bereavement Support Payment up by 6.7%
- Child Benefit - for the first or only child in a family it's going up 5.7%, for second and subsequent children there's a big jump of 60.3%. This means families with two children will get up to an extra £12.05 per week/£626.60 per year. Families with three children will get up to an extra £22.60 per week/£1,175.20 per year. It's thought around 3,000 families who have more than one dependent child will see their Child Benefit significantly increase.
- Disability Living Allowance up by 5.7% generally but up by 6.7% for higher rate mobility component
- Employed Person's Allowance, Income Support and income-based Job Seeker's Allowance will go up by 5.7%
- Carer's Allowance will rise by 6.7%, with the weekly earnings limit also going up 6.7%
- Incapacity Benefit will go up by 6.7%, with the permitted work higher weekly earnings limit also raising by 6.7%
- Attendance Allowance is going up 5.7%
- Job Seekers Allowance - Contribution based up by 9.8% from £61.05 for people under 25 and £77.00 for those over 25 to around £67.03 and £84.55 respectively
- Nursing Care Contribution up by 6.7%
- The Manx State Pension is rising by 8.5%, meaning an extra £18.83 each week/£979.16 more over a year (based on 52 weeks)
- Additional pension (‘SERPS’) and Manx state pension protected amounts up by 6.7%