Christmas is just around the corner and for many households this will be a different sort of festive season as people try to cope with the ongoing cost of living crisis.
Finances of even the most stringent of savers are being squeezed even tighter due to rising energy costs, soaring food prices and ever-increasing inflation.UK Government support this year has already provided millions of people with much-needed income boosts to help offset the crisis along with the £2,500 Energy Price Guarantee and the monthly discounts automatically being added to electricity accounts - £67 from now until March.But these aren’t the only financial support payments due between now and New and it’s important for everyone to be aware of what they are and when they are due so that if they need to apply, they can do it now and not miss out on cash that could help with the cost of living during the colder months.The scheme officially opened last month.
The money is not paid to you - it’s a one-off discount on your electricity bill made directly to your supplier, between October 2022 and March 2023.
The eligibility rules have changed for this year and even if you automatically qualified in the past, you may need to make a claim this year - find out more here. If you live in Scotland, you qualify if you either: Full details on eligibility are available on GOV.UK here.
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