Allowance calculator: how to check if you are entitled to additional cost of living assistance | Personal finance | Finance
With UK inflation now in double digits, many will want to know what support is available to them. After announcing a series of measures to help people during the cost of living crisis, the Treasury has launched a Financial Support and Benefits Checker.
The new tool gives people an idea of what kind of benefits they have and what kind of support they can receive.
By asking 10 simple questions, the tool cross-checks 25 distinct benefit and support offerings to ensure people can see what support may be available to them.
The tool gives users an estimate of the possible benefits they could get and the amount of their payouts.
It also looks at how their benefits will be affected if they start working or increase their hours of work and how their benefits will be affected if circumstances change.
Currently, the financial support and benefits tool does not include all available forms of support for cost of living from the government.
However, in the coming months it will be updated with more ways to get help during the crisis.
This includes support for free school meals, reduced travel costs and additional support for housing costs. The tool only requires a short questionnaire of up to 10 questions and only a few personal details.
He needs accurate information about how much a person has saved, his and his partner’s income, existing benefits or pensions, financial expenses (mortgage rent payments) and his council tax bill .
This should help people know what support they may be entitled to and what they may not currently have access to and is part of the government’s drive to help people manage the rising cost of living.
However, to get the most accurate results, it is not recommended for anyone under the age of 18 to use the tool.
The tool is available for people to use on the official government website, Gov.co.ukunder its cost of living page.
The household support tool released by the government helps people see what financial support is available to them during the cost of living crisis.
The government has launched the Energy Bill Support Scheme which will give individuals a £400 non-refundable rebate to eligible households to help pay their energy bills from October.
The £11.7billion scheme will help more than 29million households across Britain.
Anyone with a household electricity connection in Britain is eligible for the £400 rebate and there is no need to claim the rebate as energy suppliers will automatically process the rebate.
Another measure announced this year was a change in the national insurance threshold. This means employees earning £36,600 or less will pay £330 less a year in National Insurance.
The change means taxpayers can now earn up to £12,570 tax free.
It came after the National Insurance rate rose by 1.25% in April, before being split into a health and social care levy next year.