It’s essential to keep on top of helping you budget your finances when your benefits are being paid out.
Bank holidays can mean you get paid early and some benefits can be stopped entirely if you don’t renew them.
We spoke to Anna Stevenson, an expert on the Squeeze team and benefits expert at Turn2U, to get an idea of the important dates that could affect your Universal Credit and benefits.
Thousands of people would have been paid benefits earlier this week due to the Queen’s Platinum Jubilee bank holiday falling on June 2 and 3.
Anna Stevenson said: “It’s important to be aware of the upcoming bank holidays because it could mean paying your benefits early.
“If you are due to pay your benefit on 2nd or 3rd June, it will be paid on 1st June. All other payment dates will remain the same as usual.”
It’s important to budget if you get your benefits early because that cash may need to be pushed a little further than usual.
Don’t forget to note whether the August bank holiday will affect your payments as well.
for one full list of benefits Check out our guide to those affected by bank holidays.
Tax credits – renewals or your payments may stop
Millions of people need to review their working and child tax credits or risk losing thousands of pounds a year.
The tax credit must be renewed every year and the deadline for this is July 31. You can do this online, by mail or by phone.
Anna Stevenson said: “If you do receive the tax credit, you should have already received your renewal pack, however if you haven’t, contact HMRC to request one.”
For more information see gov.uk/manage-your-tax-credits,
child benefit check
Parents and caregivers whose 16-year-olds are continuing full-time education must notify the government by August 31 or their child benefit payments will stop.
Last year, half a million families were affected by it, according to HMRC. meeting gov.uk/child-benefit-16-19,
Paying for Scottish Parents
If you are living in Scotland where your child was born between 1 March 2017 and 28 February 2018, you may be able to receive a school age payment of £267. Applications open 1 June 2022.
Families in Scotland can get paid £130 at the start of the summer holidays even on a free school meal.
Anna said: “If you are not already registered for free school meals for your children (even if their meals are provided free of charge because your children are in primary one to five) make sure you contact your council. Go ahead and apply as soon as possible.”
This summer, a three-year-old child is turning
Parents whose child turns three between 1 April 2022 and 31 August 2022 will be able to avail 30 hours of free childcare offer for working families.
You must apply before 31st July.
Anna adds: “Councils in England also offer free holiday clubs for children to receive free school meals. They usually fill their positions by the end of June.
“If you haven’t already, check your council’s website to see if you’re getting free school meals so your kids can get extra support.”
You may find it helpful to read our guide Important dates you need to know that could affect your finances this year,
We pay for your stories!
Do you have a story for The Sun Online Money team?