When DWP will confirm winter fuel payment rules | European Markets

When DWP will confirm winter fuel payment rules When DWP will confirm winter fuel payment rules

When DWP will confirm winter fuel payment rules | U.Ok.Finance News



Around 9 million pensioners in England and Wales will obtain the winter fuel payment this winter, Chancellor Rachel Reeves has confirmed.The change comes after widespread backlash to the Chancellor’s resolution final winter to limit eligibility for the payment to solely state pensioners receiving means-tested advantages, which eliminated the annual payment – value up to £300 – from thousands and thousands. Under the new adjustments, all state pensioners with an income of underneath £35,000 a 12 months will obtain the payment routinely. Pensioners with an income above £35,000 will nonetheless obtain the winter fuel payment routinely, however the payment will then be reclaimed by means of the tax system.This implies that if somebody earns over £35,000, their share of the family payment will be recovered both by way of PAYE or by means of self-assessment, with no motion required from the pensioner.The full eligibility standards and payment phrases for the winter fuel payment, together with particular rules for pensioner {couples}, haven’t but been launched. However, the Department for Work and Pensions (DWP) has said that these particulars will be printed within the subsequent few weeks.According to a assertion on the DWP web site: “Details of the 2025 to 2026 payment will be available by the end of June 2025.”Previously, winter fuel funds have been made per family, that means that a family with more than one pensioner would obtain just one payment of up to £300.For instance, if two pensioners over 80 lived in the identical home, they’d every obtain £150, splitting the overall payment between them.How a lot is the winter fuel payment?During the 2024/25 tax 12 months, payment quantities ranged between £200 and £300, and the quantity eligible people acquired relied on their delivery date.People who dwell alone acquired:

  • £200 in the event that they have been born between September 23, 1944, and September 22, 1958
  • £300 in the event that they have been born earlier than September 23, 1944.
  • If a individual and their accomplice collectively claimed any of the advantages, one acquired a payment of both:

  • £200 if one or each have been born between September 23, 1944, and September 22, 1958
  • £300 if one or each have been born earlier than September 23, 1944.
  • The DWP has confirmed the funds will vary between £200 and £300 again this 12 months, however the particulars of who will obtain what haven’t formally been introduced but.

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