Every DWP money change coming in July including benefits and PIP
A raft of changes hit DWP claimants and consumers across the UK within a matter of days.
The cost-of-living crisis has been a wake-up call for many Britons that it pays to keep on top of finances in order to steel yourself for tough times.
One way to ensure you're on top of things is by being aware of important dates throughout the financial year - especially urgent ones that hit in the next few weeks.
DWP benefit claimants may want to read up on the latest about how their payments will be affected this month.
Key dates are coming up in July including changes to energy bills and an important announcement about the state of the economy.
HMRC also requires certain tax payers to be aware of an important deadline that cannot be missed by particular workers. It comes after news that the HMRC fined thousands of Brits £100.
Here, the Express breaks down the key things to look out for so you can be prepared for the changes that are hitting both consumers and claimants within a matter of days.
DWP Benefits payments in July
There are no bank holidays in July meaning DWP and HMRC payments will go out on their normal dates.
You may want to note that the next bank holiday is on August 26.
PIP consultation ends - July 22
The Government is proposing changes to Personal Independence Payment (PIP) assessments and eligibility.
The changes would include making the assessments more targeted at the individual needs of each claimant.
PIP supports people who live with a long term health condition or illness that means they need extra support with daily life or mobility.
Anyone can respond to the consultation by July 22.
Payment on account deadline - July 31
Self-employed people need to make all advance payments towards their tax bill by this deadline.
Other financial changes hitting in July
Energy bills to fall - July 1
Gas and electricity bills are dropping from the start of the month, with bills for a typical dual fuel bill by direct debit falling to £1,568 a year, a decrease of £122.
The new rates will last from July until the end of September, as the Ofgem price cap is set on a quarterly basis.
General Election - July 4
The nation goes to the polls to elect the new Government, and financial changes will likely be on the way whoever wins.
The Conservatives have set out plans to continue to cut National Insurance while Labour have pledge to not increase income tax, National Insurance or VAT.
Challenger party Reform UK, led by Nigel Farage, also have tax change plans, proposing to increase the threshold for paying inheritance tax to estates above £2million.
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Inflation figures - July 17
This is the next date for the latest Consumer Price Index figures from the Office for National Statistics.
There have been five inflation readings so far this year, with figures released on February 14, March 20, April 17, May 22 and June 19.
Inflation is an important metric as it can affect interest rates. The Bank of England has been hiking the base interest rate in efforts to bring down inflation.
Inflation has been consistently falling in the past few measures, with the Bank of England holding the base rate at 5.25 percent in its latest decisions.
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