What is the monthly benefit payment designed to assist low-income, working-age individuals?

The monthly benefit payment designed to assist low-income, working-age individuals is Universal Credit. This benefit system was introduced to streamline multiple existing welfare payments into a single monthly payment for individuals who are unemployed or on a low income. One of the objectives of Universal Credit is to provide financial support that makes it easier for claimants to find work or increase their earnings.

Universal Credit adapts to changes in income, allowing individuals to work more hours without a loss of benefits, which encourages a transition from welfare to work. This flexibility is a significant aspect of its design, as it aims to lift people out of poverty and reduce reliance on government support over time.

The other benefits listed, although they serve specific needs, do not cater exclusively to low-income working-age individuals in the same comprehensive way that Universal Credit does. Jobseeker's Allowance is primarily for those actively seeking employment, Child Benefit targets families with children, and Housing Benefit assists with rent payments specifically. Thus, Universal Credit serves a broader purpose and addresses the financial needs of the working-age population more effectively.