December money changes and DWP benefit payments
28.11.2023 - 07:31
/ manchestereveningnews.co.uk
December is right around the corner which means many people will be getting their pennies together for Christmas shopping.
However, it's not just Christmas that will put a strain on people's finances this year, but the prospect of higher energy bills in January and the need to put the heating on more often due to plummeting temperatures. While there will be some extra payments from the government throughout winter to help some of those struggling, there will also be some major economic announcements that could have a direct effect on your personal finances.
This includes new interest rate figures that may affect how much you pay on your mortgage, as well as new inflation figures which will help measure how much you need to put away for purchasing goods. Here's a full breakdown of all the major financial changes taking place throughout December.
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Certain people could receive some extra cash if temperatures are recorded as, or forecasted, to be 0C or lower across a seven-day period. However, only those earning certain benefits are eligible for the payment.
In England and Wales, you could receive up to £25 while those in Scotland could alternatively get £50 as part of the Winter Heating Payment.
The Winter Fuel Payment has been running since November 1 of this year and could see some getting up to £600 with the Pensioner Cost of Living Payment roped into it. In order to be considered eligible for the Winter Fuel Payment, you must have been born before September 25, 1957, and usually live in the UK.
The amount you receive will be based on your circumstances between