The longer this lockdown goes on the bigger impact it has on our finances💷. I feel it is important to look at your family finances. To take stock and check if you are paying for things you no longer need. It is vital to look at your direct debits.
Here are some financial help out and may help ease the financial burden
SALARY/WAGES
Many people have been furloughed to avoid redundancy- with the government picking 80% of your wage – this will kick in from this Monday.
If you can’t get furloughed for whatever reason, you may qualify for Universal Tax Credit – however, if you have savings of more than £15,000 you may not qualify. https://www.gov.uk/universal-credit/how-to-claim
BANKS –
Lots of banks are now offering free arranged overdrafts on the first £350 or £500. This is applied automatically to your bank account. You don’t need to do anything. https://moneyfacts.co.uk/news/banking/how-is-your-bank-helping-customers-impacted-by-the-coronavirus-pandemic/
Contactless transactions have been increased from £30.00 to £45.00.
MORTGAGE
3 months Payment holidays can be arranged with mortgage and credit card companies – you have to contact the company and apply. Do not just stop paying. Interest will be charged but it does not affect your credit rating. https://www.whatmortgage.co.uk/feature/brokers-view-mortgage-advice-covid-19-pandemic/
If your MOT is up for renewal – there is a six months extension.
COUNCIL TAX
There maybe council tax holiday – so watch this space.
If you were not eligible to get child benefit – if your income has dropped below £50,000 or £60,000 (joint) you may now qualify.
NCP CAR PARKS
Many NCP car parks are free for key workers and many NHS car parks are now free.
FREE TRAVEL
From this Monday bus travel will be free of charge during the coronavirus outbreak, Transport for London (TfL) has announced.
All two-door buses will move to middle-door entry on Monday (20 April) – with the front of the vehicle roped off to protect drivers from contact with passengers.
Those travelling will not have to tap in with their Oyster or bank card, TfL has said.
GYM MEMBERSHIP
Don’t forget to freeze your gym membership and any other subscriptions. Contact your Sky if you have Sky sports and they will reduce your subscriptions.
HELP WITH FOOD
If you know someone who is struggling for food, many councils are offering free food parcels to the elderly and the vulnerable.
SHARE YOUR TIP/IDEA
These are just a few tips that you may already know about – please feel free to share any other tips that may help someone here in the UK
I am grateful to the original unknown writer of the initial post which prompted me to share this with you.
Confident Queen Genny 