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The Independent

DWP advantages, pensions and value of residing funds for February

As we enter February, many within the UK will nonetheless be trying anxiously at their energy bills and pondering twice about switching the heating on.

Ofgem’s energy price cap has been frozen at £2,500 till April for average users and the market turmoil which adopted final 12 months’s political chaos in Westminster seems to have been soothed, however for a lot of this stays a troublesome winter.

The UK fee of inflation presently stands at 10.5 per cent, holding the price of items on grocery store cabinets excessive. In the meantime, the Bank of England’s Financial Coverage Committee has set rates of interest at 3 per cent and chancellor Jeremy Hunt delivered a bleak Autumn Statement again in November.

That announcement noticed him introduce a bundle of tax rises price £24bn and spending cuts of £30bn so as to plug an enormous funding black gap in Treasury coffers and reassure the worldwide monetary markets that Britain stays a trusted buying and selling associate.

However extra state assist will likely be paid out to assist with the cost of living crisis over the course of the month.

Here’s a information to what you possibly can count on and who’s eligible.

State advantages and pensions

These funds will exit instantly on their regular dates this February, with no public holidays forthcoming to complicate the method:

  • Common Credit score
  • State Pension
  • Pension Credit score
  • Incapacity Residing Allowance
  • Private Independence Fee
  • Attendance Allowance
  • Carer’s Allowance
  • Employment Help Allowance
  • Earnings Help
  • Jobseeker’s Allowance

For extra data on how and when state advantages are paid, please visit the government’s website.

As well as, various value of residing assist funds introduced by the state final 12 months are nonetheless lively.

Vitality low cost cost

One of many headline gestures Mr Sunak introduced throughout his tenure as chancellor final spring was that each family would obtain a £400 vitality invoice low cost to melt the blow of rising payments ensuing from the European vitality disaster.

This changed a deliberate £200 common mortgage that he introduced in February 2022, doubling that determine and turning it right into a grant that doesn’t should be paid again.

The primary £66 instalment was dispatched in October, adopted by one other in November and £67 in December and January. There will likely be one other £67 payout in February and a ultimate instalment in March.

Those that pay their payments by direct debit will obtain the low cost robotically – both as a deduction to their month-to-month funds or as a refund to financial institution accounts.

Those that pay on receipt of an bill will see the low cost utilized as credit score to their vitality account each month.

Sensible prepayment meter clients may even obtain the low cost robotically month-to-month and prepay clients will likely be despatched low cost vouchers by textual content, e mail or put up that they might want to redeem manually.

Chilly Climate Fee scheme

This authorities scheme reopened on 1 November and runs till 31 March 2023, granting £25 to folks on low incomes for each seven-day interval by which sub-zero temperatures happen.

The chilly snaps we skilled within the second week of December and the center of January didn’t fairly final lengthy sufficient to set off it however who is aware of what’s across the nook?

The prospect of sudden stratospheric warming over the Arctic turning polar winds easterly and ushering in a brand new “Beast from the East” akin to that which struck the UK in March 2018 has already been mooted and will but materialise, bringing a contemporary spherical of snow and ice.

Ought to such an occasion occur and a Chilly Climate Fee be signed off, the cash can be paid to anybody registered with Department for Work and Pensions (DWP) to obtain a qualifying advantages cost, corresponding to: Pension Credit score, Earnings Help, Earnings-based Jobseeker’s Allowance, Earnings-related Employment and Help Allowance or Common Credit score.

Heat Residence Low cost scheme

The federal government’s winter heating assist scheme was additionally revived on 14 November and runs till 31 March, granting £150 to qualifying recipients to see them via the coldest season, the cash taken off their vitality payments instantly by their provider.

The cash will likely be paid to assist with excessive vitality prices to anybody receiving the next advantages: Pension Credit score, Earnings-related Employment and Help Allowance, Earnings-based Jobseeker’s Allowance, Earnings Help, Common Credit score, Housing Profit or Baby Tax Credit and Working Tax Credit.

It’s additionally price making an allowance for that the DWP has introduced that tens of millions of households on low incomes will obtain further cost of living support worth up to £1,350 from the spring.

The brand new £900 money assist for over eight million eligible means-tested advantages claimants, together with folks on Common Credit score, Pension Credit score and Tax Credit, begins within the spring and can go on to financial institution accounts in three funds, the DWP mentioned.

There may even be a separate £150 cost for greater than six million folks with disabilities and £300 for over eight million pensioners on high of their Winter Gas Funds.

Listed here are the extra cost home windows introduced:

  • £301 – First value of residing cost – throughout spring 2023
  • £150 – Incapacity cost – throughout summer time 2023
  • £300 – Second value of residing cost – throughout autumn 2023
  • £300 – Pensioner cost – throughout winter 2023/4
  • £299 – Third value of residing cost – throughout spring 2024

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