12/5/2023 0 Comments Martin lewis money calculatorIt asks questions about your water use for example, how many people live in your home, the number of showers taken a week, your dishwasher use and what you're paying at the moment then tells you your estimated costs if you have a meter. It will instead put a cap on the unit rates of gas and electricity charged, as well as the standing charge. The Consumer Council for Water has a free water meter calculator that tells you if you can save with a meter. It should be noted that Energy Price Guarantee, much like the Ofgem price cap, is not an absolute cap on bills. The new £2,500 figure is still higher than the current price cap though, which is set at £1,971. Under the Ofgem price cap, which is being replaced by the Energy Price Guarantee, energy bills were to rise to £3,549 on average. A new Energy Price Guarantee will come into effect from October 1. The other significant announcement came earlier this month, when Prime Minister Liz Truss confirmed she will freeze energy bills at £2,500 for two years for someone with typical use. At the moment, people who earn more than £150,000 a year pay the 45% rate of income tax so this move benefits only 1% of workers, who will save £10,000 on average each. If youve moved home since 1993, you could be due £100+ back from being in credit when you moved we can help you claim this back with our Reclaim overpaid council. ![]() Another long 0 period, but it's also an 'up to' so some could get fewer interest-free months. Our Marriage tax allowance guide has everything you need to know about who qualifies and how to claim the money. You'll get the full 22 months at 0 if you're showing as 'pre-approved' in our eligibility calculator, otherwise you could get just 11mths' 0. ![]() The Government is also abolishing the top tier higher 45% rate of income tax and will replace it with a single higher rate of 40%. If youre married, you could get a tax break worth up to £1,150.
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