top of page
Search

Cost of Living Support

emma3926
Jun 21, 2022
1 min read

The Chancellor has announced a range of financial support measures to assist with energy costs. There is no direct support for businesses.


The following are available to individuals:

• all households: £400 automatically deducted from each electricity bill in October;

• pensioners: £300 for each household that receives the winter fuel payment;

• disabled: £150 in September for those claiming a range of disability benefits including the attendance allowance;

• other claimants: £650 split over two instalments paid in July and the Autumn for those claiming various means-tested benefits including pension credit; and

• council tax payers: £150 for those with homes in council tax bands A to D.


Those claiming means-tested benefits must have commenced their claim by 25th May 2022 in order to receive the payments.


These are tax-free grants; they do not need to be repaid and they are ignored for state benefit calculations. The grants will be paid directly by HMRC or the DWP into the individual's bank account.


Most local councils have already paid the £150 rebate to those who pay council tax by direct debit but those who pay by other means may need to make a separate claim. Local councils have also been given additional funds to provide targeted support to those in greatest need.

 
 
 

Recent Posts

See All
Automatic MTD Registration

Taxpayers who were required to join Making Tax Digital for income tax (MTD) from April 2026 but have not done so will be signed up automatically. Starting from September 2026, HMRC will use informatio

 
 
 
Loans to Directors: Tax Rate Increased

An outstanding loan to a director or shareholder from a close company can trigger a tax charge under Section 455 of the Corporation Tax Act 2010. The director's loan account is generally used to accou

 
 
 
Are you missing out on a PAYE refund?

Employees and pensioners are being encouraged to check whether they are are due a PAYE tax refund. HMRC figures suggest that more than 730,000 PAYE refunds went unclaimed last year, with the average r

 
 
 

Comments


Post: Blog2_Post

01206 392750

Suite 1 Dairy Barn Mews
Summers Park
Manningtree
Essex
United Kingdom
CO11 2BZ

  • Facebook
  • Instagram
  • linkedin

©2020 by Altorian Chartered Accountants.

What3Words ///discusses.icons.tedious

bottom of page