Home BUSINESS & FINANCE Your pay, energy bills and cash Isa: How the Budget affects you

Your pay, energy bills and cash Isa: How the Budget affects you

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Your pay, energy bills and cash Isa: How the Budget affects you
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Original Coverage & Source Attribution: www.bbc.co.uk

If you are living in a home in council tax bands A to D in England, you will receive a one-off £100 “Household Energy Payment” from January, funded by extra tax on banks.

It will be paid directly into your bank account.

You can find your council tax band by looking on your annual bill, or by looking on the government’s website, external – although that was struggling to cope with traffic after the announcement.

Administrations in Scotland, Wales and Northern Ireland will receive the equivalent funding, and they will decide whether to introduce the same payment.

This is designed to help with soaring energy bills, with a typical annual bill expected to be £2,000 or more in January, although you can spend the money on anything you wish.

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