Money Box

Winter Fuel Payment and Using Cash


Listen Later

Many pensioners in England and Wales will lose Winter Fuel Payments this year. This annual payment had been universal and worth £200 or £300 pounds a year, depending on your age. From this winter it will be restricted to pensioners receiving Pension Credit or other means-tested benefits. The reason for means testing it this way is to save money - about £1.5bn each year. In a statement the government told us that "given the dire state of the public finances we have inherited, it’s right that we target support to those who need it most." So how will you be affected? The Department for Work and Pensions has urged people to check if they could be eligible for Pension Credit - you can check here: https://www.gov.uk/pension-credit-calculator.

The Post Office handled a record amount of cash last month with customers either depositing or withdrawing more than £3.7bn. That new figure beat previous record highs set in May and April suggesting not only is there continued demand for cash, but that people are using Post Office branches more and more to get it. Dan Whitworth visits a branch in North Lincolnshire.

And, what does the expansion of funded childcare hours for working parents mean for those who’re set to benefit?

Presenter: Felicity Hannah

Reporter: Dan Whitworth
Researcher: Catherine Lund
Editor: Jess Quayle

(First broadcast 12pm Saturday 31st August 2024)

...more
View all episodesView all episodes
Download on the App Store

Money BoxBy BBC Radio 4

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

21 ratings


More shows like Money Box

View all
Global News Podcast by BBC World Service

Global News Podcast

7,913 Listeners

More or Less by BBC Radio 4

More or Less

863 Listeners

Newshour by BBC World Service

Newshour

1,067 Listeners

Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

50 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

86 Listeners

In Our Time by BBC Radio 4

In Our Time

5,576 Listeners

The Documentary Podcast by BBC World Service

The Documentary Podcast

1,808 Listeners

6 Minute English by BBC Radio

6 Minute English

1,729 Listeners

Learning English Conversations by BBC Radio

Learning English Conversations

1,018 Listeners

The Infinite Monkey Cage by BBC Radio 4

The Infinite Monkey Cage

1,952 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

38 Listeners

This is Money Podcast by This is Money

This is Money Podcast

31 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

95 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

18 Listeners

Any Questions? and Any Answers? by BBC Radio 4

Any Questions? and Any Answers?

43 Listeners

Newscast by BBC News

Newscast

745 Listeners

Death in Ice Valley by BBC World Service

Death in Ice Valley

2,734 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

13 Listeners

Sliced Bread by BBC Radio 4

Sliced Bread

143 Listeners

Which? by Which?

Which?

10 Listeners

You're Dead to Me by BBC Radio 4

You're Dead to Me

3,245 Listeners

The Bomb by BBC World Service

The Bomb

1,010 Listeners

The Rest Is Money by Goalhanger

The Rest Is Money

195 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

10 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

38 Listeners