If you're looking ahead to next year, these are the key money dates for 2025 you need in your diary. Including increases to benefits
There are some changes coming to family finances next year. In 2025, benefits including Universal Credit and Child Benefit will rise. There'll also be an increase to the national minimum wage. But there will be bill rises, too. Council Tax and energy bills are expected to increase for most households. And the 2025 bank holidays mean your benefits could be paid on different dates, too.1.
This means the average dual fuel household paying by direct debit will spend £1,738 on gas and electricity. Up from £1,717. 3. Minimum wage increase – April The national minimum wage is going up in April, affecting around 1.6 million workers. Pay rates will be hiked by 6.7% for over 21s and 16% for under 21s.Here’s how much more you’ll be paid per hour4. Benefits increase – April Benefits including Universal Credit, Personal Independence Payment , Disability Living Allowance and Child Benefit will rise by 1.7% from 5 April. The new rates were announced by the government in the October Budget.
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