All the DWP money and benefit changes and cost of living payments coming up this autumn
21.08.2023 - 15:17
/ manchestereveningnews.co.uk
A series of important financial changes will take place over the autumn.
Payments from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will be affected by dates and policy changes. This could have a direct effect on your personal finances throughout the Autumn months which means it's important to keep yourself aware of how things will change.
Some of the things to look out for include new payments from the government, changes to how much you could pay on your bills, and changes to how you may have to pay back on a loan or mortgage.
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Here's a breakdown of all the changes you could expect in Autumn...
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People expecting a payment on August 28 will instead be paid on the earlier Friday which will instead be August 25. This is due to the bank holiday taking place which will affect all benefit payments including Universal Credit and child benefits.
Millions of households are set to receive £300 this autumn as part of a government package. No date for the payment or qualifying date has yet been announced, however, it has been confirmed payments will be issued some time in the autumn period.
In order to qualify, recipients must have received a payment for one of the following means-tested benefits:
Payments will be made automatically so there is no need to apply or contact the DWP or HMRC.
The Bank of England will announce its review of the base rate on September 21. It comes after the bank decided to increase the base rate for the 14th time in a row, bringing it to record levels in an attempt to drive down inflation.
The base