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Have you claimed your Child Trust Fund cash?
14/10/2021 - More...
Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF)

Letting agencies and the Money Laundering Regulations
14/10/2021 - More...
HMRC is responsible for the money laundering supervision of certain businesses including letting agencies. Businesses

Don’t miss out on this tax allowance
14/10/2021 - More...
If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,220

£500m support for vulnerable households

Source: Department for Work & Pensions | | 07/10/2021

The government has launched a new £500 million package of support for vulnerable households. The new Household Support Fund will be used to help those most in need with essentials over the coming months as the country continues its recovery from the pandemic.

The fund will be used to help support millions of households in England and monies will be distributed by councils. This means that local councils will also be able to use the funding to provide discretionary support to vulnerable households. This could include using small grants to meet daily needs such as food, clothing, and utilities. Cash will be made available to Local Authorities in October 2021.

The Barnett formula will apply in the usual way to additional funding in England. The devolved administrations will therefore receive up to £79m of the £500m. This will be allocated as follows: £41m for the Scottish Government, £25m for the Welsh Government and £14m for the Northern Ireland Executive.

This fund is in addition to other previously announced measures including the Warm Home Discount which provides a £140 rebate on energy bills each winter to over 2.2 million low-income households and the Cold Weather Payment which provides £25 extra a week for poorer households when the temperature is consistently below zero.



 
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HGR Accountants Limited

3 Linden Road
Cheadle Hulme
Stockport
Cheshire
SK8 5NB

Tel: +44(0)161 485 5567

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