Tuesday, July 15, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

August 2025 payment dates for benefits and pensions plus cost of living support

by Albert Toth
July 15, 2025
in Finance
Reading Time: 8 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


Get the free Morning Headlines electronic mail for information from our reporters internationally

Signal as much as our free Morning Headlines electronic mail

Signal as much as our free Morning Headlines electronic mail

Morning Headlines

For hundreds of thousands throughout the UK, managing the price of residing stays a every day battle as rising costs proceed to outpace family incomes.

Current analysis from the Decision Basis discovered that the price of necessities within the UK has remained stubbornly excessive, gone the ‘peak’ of the price of residing disaster in 2022.

Regardless of inflation returning to pre-pandemic ranges, the price of items has remained persistently excessive within the face of stagnant wages. On the identical time, exorbitant family payments imply hundreds of thousands are grappling with money owed to afford the necessities.

Round 7.3 million adults (13.9 per cent of households) skilled meals insecurity in January 2025, figures from The Meals Basis reveal, displaying no indicators of returning to pre-2022 ranges. In the meantime, power arrears have greater than doubled over the previous 5 years, rising to £3.9 billion on the finish of 2024.

Towards this troublesome financial backdrop, it’s vital that households are claiming all of the help the they entitled to. There at the moment are round 24 million folks within the nation claiming some mixture of DWP-administered advantages, representing round one in three folks.

But analysis by Coverage in Follow reveals that £23 billion value of advantages goes unclaimed yearly – you should use their useful calculator to work out what you is likely to be entitled to.

Are you having a difficulty with the DWP or price of residing? Get in contact by way of electronic mail: [email protected]

Right here is an outline of the monetary help obtainable to households this August and key dates for profit and state pension recipients to look out for:

Profit fee dates in August

Profit funds will likely be going out as regular for probably the most half in August, though there may be one financial institution vacation to pay attention to. These embody:

  • Common Credit score
  • State pension
  • Pension credit score
  • Youngster profit
  • Incapacity residing allowance
  • Private independence fee (PIP)
  • Attendance allowance
  • Carer’s allowance
  • Employment help allowance
  • Earnings help
  • Jobseeker’s allowance

Because of the Summer season financial institution vacation on Monday 25 August, anybody anticipating a fee on that date ought to as an alternative obtain on the earlier working day – Friday 22 August. This additionally applies to state pension funds.

For extra data on how and when state advantages are paid, go to the federal government’s web site.

The DWP is aiming to finish the migration of all ‘legacy advantages’ to Common Credit score by January 2026. These receiving tax credit, revenue help, jobseeker’s allowance, and housing profit ought to have acquired a discover about shifting to Common Credit score already.

Are you having points with PIP, Common Credit score, or another profit? Get in contact by way of electronic mail: [email protected]

Pension fee dates in August

The essential state pension is paid straight into financial institution accounts much like how advantages are paid. It’s often paid each 4 weeks, with the precise day you obtain it similar to the final two digits of your nationwide insurance coverage (NI) quantity.

Right here’s when you ought to be paid based mostly on these numbers:

  • 00 to 19: Monday
  • 20 to 39: Tuesday
  • 40 to 59: Wednesday
  • 60 to 79: Thursday
  • 80 to 99: Friday

When will profit charges go up?

In April, all advantages had been uprated by 1.7 per cent, matching the September 2024 inflation determine. The rise utilized to all working-age advantages, together with common credit score, PIP, DLA, attendance allowance, carer’s allowance, ESA and extra.

In the meantime, in step with the triple lock, the state pension has risen by 4.1 per cent – up £472 a yr – matching wage development in 2024.

In April 2026, all Common Credit score claimants will obtain an above-inflation enhance to their revenue following the passage of Labour’s controversial welfare invoice. These extra-inflationary will increase will proceed yearly till 2029, with the primary being an increase of not less than 2.3 per cent.

Nonetheless, on the identical time, the month-to-month fee price for the health-related factor of Common Credit score for brand new claimants will likely be reduce from £105 to £50. This price may even be frozen till 2029.

It is a discount of over £200 a month, chopping the extra price by round half. This implies it’s advisable for anybody who thinks they is likely to be eligible to use as quickly as they’ll.

Different assist obtainable

Budgeting advance loans

The federal government presents a ‘budgeting advance mortgage’ for folks on Common Credit score who face an emergency lack of cash. The mortgage has a most reimbursement interval of two years.

These loans are interest-free, and robotically deducted from Common Credit score funds. You may borrow an ‘advance’ of as much as:

  • £348 in case you’re single
  • £464 in case you’re a part of a pair
  • £812 in case you or your accomplice declare Youngster Profit

Following the Labour Price range in October, a brand new cap has been launched on the quantity the DWP can deduct from profit funds to repay loans and money owed, together with budgeting advance loans.

From April 2025, deductions from common credit score will likely be capped at 15 per cent of the usual allowance, down from 25 per cent.

Discretionary Housing Cost

Households can apply to their council for a Discretionary Housing Cost (DHP), which presents monetary help to go in direction of lease or housing prices.

You may solely get a DHP if you’re in receipt of Housing Profit or the housing factor of Common Credit score. It may cowl housing prices for a lease shortfall, lease deposits and lease upfront if it’s essential to transfer house.

Precise eligibility and the funds obtainable are selected a council-by-council foundation, so you have to to get in contact together with your native authority to seek out out extra.

Family Help Fund

The Family Help Fund (HSF), distributed by native councils, presents very important help to these dealing with monetary hardship, complementing normal advantages and grants.

As a part of this authorities initiative, eligible households all through the UK can entry help resembling important home equipment, contributions in direction of utility payments, and direct money funds reaching as much as £300.

Native authorities are free to determine the best way to allocate their HSF funding to swimsuit households of their space, so precisely what is on the market will differ. To use, households must contact their council (most supply an internet type).

This nationwide program is ready to run till March 2026. The federal government has dedicated £1 billion in funding to transition it right into a ‘Disaster and Resilience Fund’, which may even exchange the DHP.

Charitable grants

In case you are struggling financially, you could be eligible for sure charitable grants. There are a variety of grants obtainable relying in your circumstances.

Nonetheless, these grants will usually require you to fulfill particular standards and solely have the ability to supply restricted funds.

Charitable grants can be found for people who find themselves disabled or unwell, carers, bereaved, unemployed, college students – and lots of extra. The charity Turn2us has an internet instrument to seek for grants which can be obtainable to you.

Power supplier assist

Various power suppliers supply assist for these combating their power payments. These embody British Fuel, Scottish Energy, EDF, E.ON and Octopus. It’s value contacting your power supplier to seek out out if you’re eligible.

Council tax discount

When you meet sure standards or are on sure advantages, you could possibly apply for a reduction in your council tax low cost of as much as 100 per cent.

Your native council should have the ability to give you a discretionary discount if you’ll be able to show you might be dealing with extreme hardship and may’t afford to pay your council tax.

To use for a council tax discount, you’ll be able to contact your native council by way of the federal government’s web site.

As much as 30 hours of free childcare

All working dad and mom within the UK are presently entitled to 30 hours of free childcare for youngsters aged 3 to 4. From 1 April 2024, this entitlement expanded to incorporate 15 hours of free childcare for 2-year-olds.

From 1 September, it was expanded once more to incorporate all kids from the age of 9 months.

You have to apply on-line and reconfirm your eligibility each three months, in time for every college time period. Working dad and mom may also apply for tax-free childcare, giving again 20p for each 80p you place in direction of childcare, as much as a most of £500 a yr.

The ultimate enlargement to free childcare, coming in September 2025, will see all kids below 5 eligible for 30 hours.

Power Value Cap: Is it going up?

Ofgem’s power worth cap has be decreased from £1,849 to £1,720 for July to September – a drop of seven per cent. The welcome fall follows three consecutive rises.

The power worth cap is the utmost quantity power suppliers can cost you for every unit of power in case you’re on a regular variable tariff. That features most households. It’s expressed as an annual invoice for a mean house.

Will there be one other Price of Dwelling Cost in 2025?

The DWP haven’t introduced any continuation of the Price of Dwelling Cost scheme that ran between 2022 and 2024. The ultimate fee ought to have been made to eligible households between 6 February and 22 February 2024.

Psychological well being help

  • Within the UK and Eire, Samaritans might be contacted 24 hours a day, 12 months a yr. You may name them without cost on 116 123, electronic mail them at [email protected], or go to samaritans.org to seek out your nearest department.
  • Thoughts runs a help line on 0300 102 1234 which gives a protected and confidential place to speak about the way you’re feeling. There’s additionally an data line on 0300 123 3393 for close by help, and a welfare advantages line on 0300 222 5782 to help the psychological well being of these navigating the advantages system.
  • Incapacity charity Scope has a discussion board the place folks can have supportive chats to others going by way of the identical experiences.
  • NHS England presents an internet psychological well being triage service.



Source link

Tags: AugustBenefitscostdateslivingPaymentPensionssupport
Previous Post

Are Long-Term Players Preparing Early?

Next Post

Renault Boreal SUV launch set to boost global presence

Related Posts

Episode 217. “Are we broke…or just bad with money? (Part 1)

Episode 217. “Are we broke…or just bad with money? (Part 1)

by Ramit Sethi
July 15, 2025
0

https://www.youtube.com/watch?v=sTGKsihfZzo Dominique (33) and Chris (34) have been collectively for six years, engaged for 2, and share a two-year-old son....

Hogs Face Pressure on Monday

Hogs Face Pressure on Monday

by Barchart
July 15, 2025
0

Lean hog futures slipped 42 cents to $1.70 within the crimson on Monday. The USDA nationwide common base hog negotiated value...

MFIs raise lending rates despite policy cut amid high credit costs

MFIs raise lending rates despite policy cut amid high credit costs

by Atmadip Ray
July 15, 2025
0

Microfinance establishments (MFIs) seem to have damaged ranks with different financiers on rates of interest, having raised their lending charges...

The Guillotine and the Lyre: What Andrea Chénier Reveals about the French Revolution

The Guillotine and the Lyre: What Andrea Chénier Reveals about the French Revolution

by Marcos Giansante
July 14, 2025
0

What's the Mises Institute? The Mises Institute is a non-profit group that exists to advertise instructing and analysis within the...

Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest

Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest

by Yves Smith
July 14, 2025
0

Despite the fact that, on one stage, the possible demerger of Kraft and Heinz, which grew to become Kraft Heinz...

Your Favorite Chicken Sandwich Shows How Markets Iterate

Your Favorite Chicken Sandwich Shows How Markets Iterate

by Peter C. Earle
July 14, 2025
0

Critics usually scoff on the market economists’ declare that competitors fosters relentless innovation. A latest meme factors to the ubiquity...

Next Post
Renault Boreal SUV launch set to boost global presence

Renault Boreal SUV launch set to boost global presence

PriceSmart, Inc. 2025 Q3 – Results – Earnings Call Presentation (NASDAQ:PSMT)

PriceSmart, Inc. 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:PSMT)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ZenaTech: Small Drone Stock, Big Momentum (NASDAQ:ZENA)

ZenaTech: Small Drone Stock, Big Momentum (NASDAQ:ZENA)

July 15, 2025
Dividend Kings In Focus: Universal Corporation

Dividend Kings In Focus: Universal Corporation

July 15, 2025
TD Cowen Projects Bitcoin At 5K By Year-End, Raises Strategy’s Price Target

TD Cowen Projects Bitcoin At $155K By Year-End, Raises Strategy’s Price Target

July 15, 2025
Moment Labour Lord has luxury £200k watch snatched off wrist before robbers flee in speedboat in horror holiday mugging

Moment Labour Lord has luxury £200k watch snatched off wrist before robbers flee in speedboat in horror holiday mugging

July 15, 2025
Multibank’s $MBG Token Bridges Web3 and Traditional Finance With Real Utility and Proven Backing

Multibank’s $MBG Token Bridges Web3 and Traditional Finance With Real Utility and Proven Backing

July 15, 2025
Episode 217. “Are we broke…or just bad with money? (Part 1)

Episode 217. “Are we broke…or just bad with money? (Part 1)

July 15, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

ZenaTech: Small Drone Stock, Big Momentum (NASDAQ:ZENA)

Dividend Kings In Focus: Universal Corporation

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In