Money Saving Expert Martin Lewis has issued an important message to anybody paying a mortgage in the UK.
07.03.2022 - 17:47 / manchestereveningnews.co.uk
ITV This Morning star and Money Saving Expert Martin Lewis has shared three tips to help reduce bills as the cost of living soars iN the UK.
The finance expert took to TikTok to explain why hundreds of pounds will soon be added to bills.
He said that the price cap of £1,277 is set to rise to £1,971 - leaving millions of Brits worried for their finances.
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As millions fret about what is to come as the cost of living crisis looms, the expert broke down his tips into prepay users, direct debit users and how residents can claim a £150 council tax rebate.
Martin said: “Ofgem has confirmed you get the rate on the day you top up not when you use energy.
"Now that means if you max out your top up in March before the rate goes up, that's what you'll get even if you then use that energy in April.
“You'll draw a line and tell the energy company, all this energy I've used should be at the cheap rate."
And he added: “All those in bands A to D council tax will get a £150 rebate to help with energy costs.
"Well for the scheme, we're being told you will get the money automatically paid into your bank account, as long as you pay council tax by direct debit."
He urged people to set up a direct debit as soon as possible with their local council to avoid disappointment.
April is set to be the cruellest month for tens of millions of Brits who are facing the biggest cost-of-living crisis in decades, says the Mirror.
Energy bills, rail fares, National Insurance, Council Tax and inflation are all surging while income tax thresholds and childcare help are frozen and free Covid tests are axed.
Wages for teachers and NHS staff, benefits and pensions are all
Money Saving Expert Martin Lewis has issued an important message to anybody paying a mortgage in the UK.
If you're paying your energy bills using a direct debit, then Martin Lewis is here with a warning ahead of the price hike.The Money Saving Expert founder has received a surged of questions from worried bill payers ahead of the price rise, which will see most bills rise by £693 from April 1. Martin, who donated £50,000 out of his own pocket after a This Morning phone-in, has been urging the government to do more to help people ahead of the rise, as well as providing a huge amount of advice for those in need. And he recent took to Twitter to address a question most have regarding their energy bills.
Money Saving Expert Martin Lewis has issued a warning to anyone who uses direct debit to pay for their heating bills.
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With heating bills on the rise throughout the UK, people are looking for the best ways to cut down their bills.
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Money Saving Expert Martin Lewis has issued an urgent warning to anybody whose home falls within council tax bands A-D, and has a message for those in the bands above.