Nine key DWP payment dates and money changes to be aware of in May

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Your Money

People who pay for NHS prescriptions or a Spotify subscription may see a heftier bill from next month while there will also be announcements on the energy price cap from Ofgem and potential changes to the interest rate

A full list of DWP payment dates and money changes in May reveals some major changes that could affect your personal finances.

Here's a breakdown of all the important money changes taking place next month, as reported by the M.E.N. Payments from the Department for Work and Pensions and HM Revenue and Customs due on May 6 or May 27 will be paid on the first working day beforehand - so on a Friday. This includes Universal Credit, Pension Credit, PIP, and other similar benefits.

Free childcare applications open - May 12 From May 12, eligible working parents of children from nine-months-old will be able to register for access to 15 free hours of government-funded childcare a week. While parents won't be able to take advantage of the offer until September of this year, it is still important to apply early and secure your spot.

Universal Credit payment increase in effect - May 14 Universal Credit payments were increased by 6.7 per cent on April 8, in line with inflation. However, due to how the benefit is assessed, claimants are unlikely to see the uplift in their monthly payments until mid-way through May, or perhaps even June.

 

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