The coronavirus crisis means that many of us have been left a little short financially.

Whether you’ve been on furlough, had to isolate, or sadly lost your job.

Pay cuts have also not been uncommon over the last few months.

This means that a rising number of Brits have been claiming for Universal Credit and other benefits to fill the gap.

There has been an especially large spike in claims from over-50s, reports North Wales Live.

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If you've lost your job, the advance could pay your bills and tide you over

So, if you’re scrambling to pay the bills this September, or have to buy umpteen new sets of school shoes, some extra cash could lighten the load.

And, it seems that lots of people don’t know what other benefits can be had when you make certain claims.

One payment on offer is called a “Budgeting Advance” – and it’s worth up to £800.

Low income families may be able to claim the £800 if they’re in financial difficulty.

So, what is the advance?

A budgeting advance is given to help low-income households who are facing unexpected money issues.

This could mean emergencies, like replacing a broken oven or fridge.

It can also be claimed to help them to get a job, stay in work or pay funeral costs.

The advance does have to be paid back, which is worth remembering.

But, it’s typically taken back through your regular benefits – so they’ll be slightly lower until the loan is repaid.

If you stop getting benefits then you’ll have to pay it back another way.

If you've lost your job, the advance could pay your bills and tide you over

How much can you get?

The amount you can claim varies depending on your circumstances.

The smallest amount you can borrow is £100.

If you are single you can take up to £348 and if you’re in a couple £464.

Those with kids can take out up to £812 in an advance payment.

The amount also depends on if you have savings above £1,000 and if you will be able to pay the cash back.

You could be given an advance of up to £812 to help with financial emergencies

Who can claim?

You can get the budgeting advance if you have claimed the following for six months or more:

  • Universal Credit
  • Employment and Support Allowance
  • Income Support
  • Jobseeker’s Allowance
  • State Pension Credit

If you want to claim you should contact your work coach at the job centre to apply for the payment.

It’s a fairly simple process and can really help out when facing money worries.

You can read more information on the Budgeting Advance on the gov.uk website.