Summer is almost here and millions of households across the country are set to see energy bills go down as the current spell of warm weather reduces the need for heating our homes ahead of the new price cap kicking in next month.
Ofgem is lowering its energy price cap by 17 per cent from the current £3,280 per year to £2,074 for the average household in Scotland, England and Wales from July 1.Prepayment meter customers will also see charges reduced from the start of July taking them to the same level as direct debit customers, meaning the most expensive way to pay for your energy usage will be by paying in receipt of bills which is around six per cent higher.However, inflation is still high at 8.7% and not coming down as fast as previously predicted by the Bank of England and food prices are still soaring at the supermarket.All of this means that most people will still be watching their household spending and setting monthly budgets ahead of the colder months when heating bills will start to rise again.But there are a series of one-off payments from the UK and Scottish governments along with key dates to watch out for that could help boost your income before the end of the year.Here are some key dates to add to your diary for the coming months to help you plan your household budget and know exactly what to expect and when.June 13-30: Nationwide £100 member payout - the building society is giving 3.4m customers £100 - find out more hereJune 15: Tax Credits renewal packs - these should have arrived by now and must be completed by July 31.
If you haven't received it, contact HMRC after June 15.November 30: Child Benefit will stop for some parents with children who are 16 and leaving eductions - more details here.We will
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