The start of the new financial year on April 6 usually brings with it a swathe of changes that can impact your pennies andDWP to make big change to services for those on benefits this week
Your exact entitlement will only be clear when you make a claim, but calculators can indicate what you might be eligible for. "Where previously pension withdrawals exceeding the lifetime allowance could be subject to a lifetime allowance tax charge, savers can now take as much income as they want from their retirement pot, with just income tax to pay on pension withdrawals."Meanwhile, the upper threshold from which parents have to pay back all of their Child Benefit is rising from £60,000 to £80,000.
Any parents who qualify had to have applied by March 31 to start getting it this month though, otherwise you won't be able to claim until September this year.She said: "The first is that the hours are for term-time only, equating to 38 weeks a year. Millions of self-employed people will see their NI rate cut from 8% to 6% while millions more will see their rate cut from 10% to 8%.
The triple lock mechanism sees the state pension rise by whatever is highest out of average earnings growth, inflation or 2.5%. Millions will see their mobile, broadband and TV bills rise this month, while others may have seen them increase at the end of March. "You can beat the price hikes by switching provider, as often you’ll get a cheaper deal as a new customer.