Certain Universal Credit claimants may see an increase in their payments
As well as the mid point of the year, the month also brings several changes that could impact your personal budget. Some of these alterations include the cost of living payments for individuals residing in specific areas.
Support may come in the form of free school meals vouchers or other vouchers to help pay for essentials such as clothing, rent, and energy bills. Some households could even receive cost of living payments. This includes households covered by Cornwall Council, which confirmed it will issue £80 payments from June 3.
A spokesperson for the charity stated: "Once the new law comes into force, owners found without their cat microchipped will have just 21 days to have one implanted. After the 21 days, owners may then face a fine of up to £500. We have done the hard part by getting the law changed. Now it is down to cat owners to make sure this is the success we know it can and will be."The Monetary Policy Committee is scheduled to review the national interest rate on June 20.
Despite a slight decrease in mortgage rates since December, approximately 45 per cent of fixed-rate mortgage holders are expected to face higher monthly repayments when they reprice their mortgage by the end of 2026.The £90 fees were already removed in April of this year, and increases in the debt threshold and vehicle value will be implemented next month.
Andy Wood from Crypto Tax Degens has emphasised the importance of prompt action, saying: "Parents will soon receive a letter from HMRC, asking them to confirm whether their child remains enrolled in full-time education or training. Remaining eligible for child benefits depends on whether you have a child under 16 ."
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