Energy: Save up to £670 a Year
Energy costs have risen, but you can still save big on your energy bills. Low-income households can get £150 off through the Warm Home Discount. Contact your energy provider by February 29 to check your eligibility. Cold Weather Payments of £25 are also automatically given out in certain conditions. Making small changes, such as turning off electrical devices and washing at 30C instead of 40C, can save you £445 a year.
Water: Save £307 a Year
Water bills are set to increase, but you can still save money. Social tariffs for benefit claimants can save you up to 50%. Check with your water provider to see what discounts are available. Limiting shower times, fixing leaks, and using water-saving gadgets are other easy ways to cut costs.
Mortgage/Rent: Save £348 or More
Higher interest rates mean homeowners will pay more each month. Consider remortgaging to get a better rate elsewhere. Using a broker can help you find the best deal. If you're on Universal Credit, check if you qualify for help with interest charges. Renters can haggle with landlords or see if they qualify for a discretionary housing payment.
Broadband/Phone and TV: Save £250 a Year
Broadband and mobile providers will raise prices, but you can still save. Families receiving certain benefits may qualify for a social tariff on broadband and phone contracts. Check with your supplier or visit the Ofcom website to see if you're eligible. Regularly check your mobile phone bills to avoid paying for more data than you need. And if you're 75 or older and receive Pension Credit, you can get a free TV licence.
Council Tax: Save up to £2,065 a Year
Council tax bills are set to increase, but there are discounts available. Sole adults can get a 25% discount, which can also apply if you live with someone classed as "disregarded". Those on a low income or certain benefits may get extra discounts or have their bill wiped altogether. Apply to your council for a discretionary reduction if you're struggling to pay.
Claim Child Benefit for a Pensions Boost
Parents can claim National Insurance credits for past years when they didn't claim child benefit. This can boost their state pension. Fill out the child benefit form and tick the box to claim the credits, even if you don't want the cash benefit. These credits plug gaps in your NI record and protect your state pension entitlement. Missing out on these credits can mean losing up to £66,629 in state pension over a 20-year retirement.
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