Universal credit is a policy which is being rolled out across the country between October this year and 2017 and aims to bring all benefits into one payment which will be paid monthly to mirror a worker's salary.
The challenge for many people will be managing a household budget where they are responsible for paying their rent and bills on time and making sure the money lasts all month.
Curo is anticipating this could cause the biggest upheaval for people and is already offering support for tenants to prepare them for the change.
At the moment it receives £14 million a year in housing benefit directly from the council, but this will now go directly to tenants, who will be responsible for paying their own rents.
Not only does this raise concerns about whether Curo will get all its rent payments in full and on time, the organisation will also be left with an annual bill of up to £50,000 to process all the extra transactions, and could find lenders less willing to provide financial assistance for new affordable housing developments.
The reduction in council tax benefits has been left to local authorities to administer, with some, including Bristol, choosing to put up taxes to retain a 100 per cent subsidy for the poorest residents.
However, B&NES Council has instead opted for a tax freeze and now the maximum subsidy people can claim is 78 per cent.
Benefits will be capped at £500 a week for families and £350 a week for single people and couples.
But as this does not affect working households, the move is unlikely to have an impact on many people in B&NES, because the vast majority of those out of work already receive less than this.
Disability Living Allowance is being replaced by Personal Independence Payments and the switchover will be gradual, with people being interviewed and reassessed under new criteria to see how much they are entitled to.
It is anticipated up to a third will lose their entitlement.
