Sign up to our Editors Choice newsletter now! Click here

Thousands of Sheffield council tenants urged to open jam jar accounts ahead of universal credit

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

Thousands of Sheffield council tenants urged to open jam jar accounts ahead of universal credit

24DASH.COM Logo

Published by Jon Land for 24dash.com in Housing and also in Bill Payments, Local Government, Universal Credit

Thousands of Sheffield council tenants urged to open jam jar accounts ahead of universal credit Thousands of Sheffield council tenants urged to open jam jar accounts ahead of universal credit

Sheffield council is encouraging thousands of its tenants to sign up to jam jar accounts being offered by the city's credit union ahead of direct payments being introduced under universal credit.

The council, which owns more than 40,000 homes, estimates that benefit claimants in the city will receive £180 million less per year as a result of the welfare changes and says it is determined to protect people's incomes.

The jam jar accounts are divided into different pots, for rent, council tax, other bills, and savings to help users manage their money. A credit union officer is available to offer advice to tenants.

Customers arrange for part or all of their income to be paid into their credit union account. The credit union will then discuss with customers which priority bills are to be paid on their behalf, for example rent, council tax or utility bills.

The accounts are free if used just to pay rent. Any spare money after bills have been paid can be paid into another account, transferred to a savings account or put on a pre-paid e-card.

Councillor Harry Harpham, cabinet member for homes and neighbourhoods, said: “The government’s cuts to welfare benefits and in particular universal credit means that tenants are placed under a great deal of financial pressure.

"Jam jar accounts are an excellent way for tenants to manage their money securely and know their important bills like rent are being paid.”

Maxine Stavrianakos, head of income management for Sheffield Council's housing service, added: “If tenants intend to claim benefits it is important to set up a credit union jam jar account or bank account to ensure all priority bills including your rent are paid without delay once they receive universal credit.

"We hope that many tenants will opt for this safe and efficient way of managing their money as more changes to benefits and welfare come into effect over the next few years.”

Comments

Login and comment using one of your accounts...