Nine Changes to DWP and Money Happening in October 2024
The Department for Work and Pensions (DWP) is implementing several rule changes that will impact claimants, potentially affecting their payments. From October 1, households across the UK will witness a range of alterations, touching on various aspects from energy bills to stamp prices.
One significant change is the launch of Winter Fuel Payment phone lines. While most eligible recipients will automatically receive payments of up to £300, some individuals will need to apply. Those required to apply can do so via phone starting from October 28, according to reports from BirminghamLive.
Among the nine crucial changes set to take place include:
– The Ofgem energy price cap increase on October 1, leading to a 10% rise in energy bills.
– The Warm Home Discount Scheme reopening this October to offer financial aid towards energy bills for low-income households.
– New mobile roaming rules coming into effect on October 1, obliging mobile providers to inform customers about roaming costs.
– The tax self-assessment deadline on October 5, necessitating registration for self-assessment for the preceding tax year.
– Stamp prices set to rise by 22% on October 7, announced by Royal Mail with current stamps remaining valid post-increase.
– Banks facing new fraud regulations as of October 7, with mandated refunds for scam victims.
– Inflation data to be released on October 16, following a report indicating a steady inflation rate.
– Chancellor Rachel Reeves scheduled to present Labour’s first Budget on October 30.
– The deadline for self-assessment paper tax returns falling on October 31.
These changes will impact individuals and households, prompting them to stay informed and take necessary actions to navigate the evolving financial landscape. Stay tuned for more updates on these developments impacting personal finances in the UK.