Top 5 This Week

Related Posts

DWP state pensioners to be given 3 extra freebies worth £460 | Personal Finance | Finance

Millions of pensioners across the UK will receive a welcome financial boost this winter, with three additional payments from the Department for Work and Pensions (DWP) totalling up to £460 before Christmas.

The package includes the Winter Fuel Payment, the Warm Home Discount, and the Christmas Bonus – all of which are aimed at helping older people cope with the rising costs of energy and household bills during the colder months. The payments are automatic, meaning pensioners do not need to apply, and they will arrive separately in the weeks leading up to Christmas.

The largest of the three is the Winter Fuel Payment, worth £200 per household or £300 where at least one person is aged over 80. Around 12 million pensioners are expected to benefit this year.

Those with higher incomes above £35,000 will still receive the payment, but it will later be recovered by HMRC through either PAYE or self-assessment.

Another key element is the Warm Home Discount, a one-off credit of £150 applied directly to electricity accounts between October and March.

The scheme, funded by energy suppliers, provides a vital reduction in bills for those on certain benefits. Prepayment and Pay-As-You-Go customers will instead receive a voucher to help top up their meters.

Some suppliers have already opened applications for this year’s round of support, so pensioners are advised to check with their provider.

The third payment is the Christmas Bonus, a long-standing DWP initiative that provides a £10 tax-free sum in early December to people receiving the State Pension and a number of other benefits.

It arrives as a separate payment and is not tied to regular pension disbursements, so recipients may see it appear on a different day.

The additional support comes alongside the Government’s Triple Lock policy, which will increase the State Pension by up to £1,900 over the course of this Parliament.

Ministers say these measures are designed to provide reassurance as pensioners face the double challenge of colder weather and rising household costs.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles