Key Financial Changes Due in July: Universal Credit, Ofgem Price Cap, Lloyds Bank Fees and More

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Key Financial Changes Due In July Universal Credit, Ofgem Price Cap, Lloyds Bank Fees And More
Key Financial Changes Due in July: Universal Credit, Ofgem Price Cap, Lloyds Bank Fees and More - © en.econostrum.info

July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks.

Also, more claimants will have access to UC instead of the old benefits; note the dates for PIP consultations, self-assessment and tax credit renewals.

July’s Key Financial Changes

Below are more details on these changes and how they may affect you and your portfolio.

Universal Credit Transition

  • Working Tax Credit
  • Child Tax Credit
  • Income-based Jobseeker’s Allowance (JSA)
  • Income Support
  • Employment and support Allowance-Income related
  • Housing Benefit

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