Eight money changes happening in October including £300 cost of living payment
dailyrecord.co.ukThe month of October will see an array of money changes taking place that all Scots should be aware of.From changes to the Ofgem price cap, to a new cost of living payment that will be hitting bank accounts, it's important to keep a note of these dates in your diary and how they may affect your finances.Some of these are vital to know for self-employed people, as there's set to be a change to the self-assessment process, along with new visa fees to be introduced.
Here's a round-up of everything you need to know, as reported by the Mirror. Change to Ofgem price cap - October 1 For the typical household paying their energy bills via direct debit, the Ofgem price cap will drop from £2,074 to £1,923.
This isn't a total cap on how much you'll pay each year, but rather a limit on how much you can be charged per each unit of gas and electricity.
Because of this, your energy bill may be higher or lower than the price cap depending on how much you use. How you pay for your energy may also affect the cost.
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