Martin Lewis warning as tens of millions miss out on £160 off payments

Martin Lewis’ Money Saving Expert has urged shoppers to examine if they will cut back their water payments by £160 a yr.

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The newest version of the Money Saving Expert newsletter stated some 5.7 million Britons may very well be lacking out on a discount on their payments by switching to a social tariff.

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The e-newsletter stated: “Social tariffs are offered by all firms and can reduce what you pay by up to 90 percent .

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"There are 5.7 million eligible households missing out on an estimated £160 a year on average."

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A person called Anita got in touch with the group after she got a 60 percent reduction on her water bills saving her around £24 a month.

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READ MORE: Bank launches 5.4% one-year fixed rate saver and increases rates across savings accounts

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Social tariffs are available from all water suppliers and are intended to provide reduced bills for vulnerable households or people on low incomes.

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Eligibility criteria vary depending on the supplier. For customers with South East Water, if a person’s annual income is below £18,005 they may be able to get a social tariff.

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Those on a social tariff with Southern Water can cut their bill by a minimum of 45 percent and up to 90 percent.

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A person can find out what social tariffs are available from their supplier by checking the company’s website.

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Some mobile and broadband providers also offer social tariffs, such as Sky, BT and Virgin Media, which can provide significant discounts on bills.

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Below are some of the social tariffs currently available as listed on the Ofcom website, including the monthly rates:

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  • 4th Utility Social Tariff - £13.99 - 30Mbit/s
  • BT Home Essentials - £15 - Around 36 Mbit/s
  • BT Home Essentials 2 - £20 - Around 67 Mbit/s
  • Community Fibre Essential - £12.50 - 20 Mbit/s
  • Country Connect Social Tariff - £15 - 50 Mbit/s
  • EE Basics - £12 - Up to 25 Mbit/s
  • G. Network Essential Fibre Broadband - £15 - 50 Mbit/s
  • Grayshott Gigabit Connect - £19 - 100 Mbit/s
  • Hyperoptic Fair Fibre 50 - £15 - 50 Mbit/s
  • Hyperoptic Fair Fibre 150 - £20 - 150 Mbit/s
  • KCOM Full Fibre Flex £14.99 - 30 Mbit/s
  • Lightning Fibre Social Tariff - £15 - 50 Mbit/s
  • Lothian Broadband Social Tariff - £19.99 - 100 Mbit/s
  • NOW Broadband Basics - £20 - 36 Mbit/s
  • Sky Broadband Basics - £20 - 36 Mbit/s
  • SMARTY Social Tariff - £12 - 5G where available
  • Virgin Media Essential Broadband - £12.50 - 15 Mbit/s
  • Virgin Media Essential Broadband Plus - £20 - 54 Mbit/s
  • Vodafone Essentials Broadband - £12 - 38 Mbit/s
  • VOXI For Now - £10 - 5G where available
  • Wildanet Helping Hand Social Tariff - £20 - 30 to 100 Mbit/s
  • WightFibre Essential Broadband - £16.50 - 100 Mbit/s.
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Some one million Britons had to disconnect their broadband over the past year as they could not afford rising bills.

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Research found people on Universal Credit were six times more likely to have stopped their internet than those not on the benefit.

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Dame Clare Moriarty, chief executive of Citizens Advice, said those who are missing out on social tariffs are the “most likely” to disconnect.

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She stated: “People are being priced out of internet access at a worrying rate. Social tariffs should be the industry’s safety net, but firms’ current approach to providing and promoting them clearly isn’t working.”

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People on low incomes might also need to examine if they will declare any advantages and value of dwelling funds.

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An individual can examine how a lot advantages they will declare utilizing an internet advantages calculator, such because the one on the Turn2us web site.

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Britons on sure means-tested advantages, corresponding to Universal Credit, are additionally receiving a £900 price of dwelling fee in three instalments over this monetary yr.

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Individuals who declare incapacity advantages are additionally to get a £150 price of dwelling fee, which goes out later this month.

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Pensioners who get the Winter Fuel Payment this winter are additionally to get an extra price of dwelling fee, of between £150 and £300.

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Martin Lewis is the Founder and Chair of MoneySavingExpert.com. To be a part of the 13 million individuals who get his free Money Tips weekly e-mail, go to www.moneysavingexpert.com/latesttip.

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For the newest private finance news, comply with us on Twitter at @CategoricalMoney_.

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