Four DWP money changes in July you need to know about.

Published: Jun 21, 2024 Duration: 00:04:09 Category: News & Politics

Tags : Social Security updates DWP Changes DWP Updates UK Government Benefits UK Benefits DWP News Universal Credit PIP changes Universal Credit payment Welfare changes universal credit uk dwp payments DWP UC Four DWP money changes in July you need to know about. dwp payments 2024 universal credit new update July 2024 Universal Credit update State Pension adjustment benefit rules July benefit payment changes July financial changes UK Times

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[Music] 4 DW Money Changes in July you need to know about hey everyone welcome back to Money Matters UK today we've got an important update for you July is bringing four crucial changes to DWP money that you need to know about whether you're receiving benefits or just want to stay informed this video is for you but before we dive in make sure to hit that like button subscribe to our Channel and click the Bell icon so you never miss an update and if you find this video helpful don't forget to leave a comment below a love hearing from you a number of cost of living and money changes are set to take place next month which will impact millions of people the department for work and pensions DWP and hmrc will Implement a number of changes in July these include a new energy price cap for millions of households as well as tax deadlines and updates for those who claim state benefits with so many dates to keep track of it can be difficult to keep up with everything so we have put together a list of the main changes you should look out for energy bills fall for Millions July 1 from July 1 the new energy price cap will come into effect which will see millions of people pay less for the gas and electric the price cap set by Regulators off gem will fall to 1,568 per year from that date and will last for 3 months until the end of September this is a drop of around £122 per year from the current cap of £ 1,690 the energy price cap applies to you if you pay for your electricity and gas by either standard credit payment made when you get your electricity and gas bill direct debit prepayment meter economy 7 E7 meter however the actual amount you pay will depend on how much energy your household uses where you live and the type of meter you have it is a cap on how much you can be charged per unit of energy you use not a cap on how much you can be charged overall the drop will not last though as bills are currently expected to rise again later in 20124 read more about the price cap predictions general election July 4 the UK general election will take place on July 4 currently labor holds a commanding lead in the polls and the outcome of the election could make a big difference to your wallet depending on the government which is elected labor has pledged in its Manifesto to review Universal Credit and end Mass dependence on emergency food Parcels but it isn't clear whether the intention is to increase or reduce access to the benefit or which changes might be considered it has also promise to tackle the backlog of access to work claims and alter the work capability assessment for disabled claimants among the t's pledges on welfare include potential changes to pit for disabled claimants and changing the work capability assessments so that those with more moderate mental health issues or Mobility problems who could potentially engage with the world of work are given tailored support instead of being written off on benefits payment on account deadline July 31 self-employed people need to make advanced payments towards their tax bill by this date benefits going out as normal July there are no bank holidays in July meaning that state benefits will be sent out as normal the next changes to payment dates will be in August when there is a bank holiday meaning millions of claimants will get their benefits earlier due to offices and helpl lines being closed bank holiday changes generally affect the following benefits attendance allowance carers allowance child benefit disability living allowance employment and support allowance Income Support job Seekers allowance pension credit personal Independence payment State Pension tax credits such as working tax credit thanks for watching this video hopefully this video will be helpful for you please subscribe our channel for more interesting videos and please don't forget like share and comment for

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