Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Thousands eligible to claim winter fuel payment

fuel payment

Those eligible can receive between £100 and £300 each year

Thousands of people are eligible to claim a winter fuel payment from the Department of Work and Pensions (DWP) to help towards energy bills.

People get the allowance to help pay for gas and electric when they need it most during the colder months, with around £300 available.

And with energy prices set to rise this winter, the allowance is needed more than ever by some people.

As the weather turns colder lots of people will be putting the heating on soon, with bills sure to land in the coming months, reports Lancashire Live.

The Winter Fuel Payment, often referred to as a heating allowance, is an annual tax-free payment from the DWP. Those eligible can receive between £100 and £300 each year.

Fuel prices are set to increase in the coming months, with many firms facing going bust, and so it will be particularly helpful to people.

Gas prices have been rising, which has been pinned on a number of factors including a colder winter from 2020-2021 which left gas stocks depleted.

Around a third of electricity is generated from burning gas, so it has a knock on effect on energy prices overall.

Energy firms buy gas and electricity wholesale and higher demand means that prices have shot up. The cost of gas has reportedly increased by 250%.

You qualify if both of these apply: You were born on or before September 26, 1955, you lived in the UK for at least one day during the week from September 20-26, 2021, known as qualifying week.

If you are eligible, you should receive it automatically from whoever pays your benefits.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.