October is shaping up to be a significant month for financial matters, and The Mirror has compiled a list of essential dates to mark in your calendar.
Energy costs are on the rise at the beginning of the month, but a program offering £150 off electricity bills is reopening, providing relief for those facing financial challenges.
The Winter Fuel Payment hotline, crucial for applicants (though most will receive it automatically), is also set to open. Additionally, self-employed individuals should take note of the approaching self-assessment tax registration deadline in October.
For those opting to file their self-assessment tax returns by mail, there is a looming deadline. Details on this process are available for reference.
The Ofgem energy price cap is due to increase from £1,720 to £1,755 per year starting October 1, impacting typical dual fuel households paying via direct debit. This adjustment will remain in effect until December 31 before being reassessed.
Individuals new to self-assessment tax returns must register with HMRC by October 5 for the 2024/25 tax year. Requirements for tax returns, particularly for self-employed individuals or those with untaxed supplementary income, are outlined on GOV.UK.
Notably, Winter Fuel Payments, potentially worth up to £300, will be automatically distributed to eligible recipients, with exceptions warranting application by phone starting October 13.
Participants in the Tesco Christmas Saver scheme have until October 16 to contribute, accumulating Clubcard points throughout the year for festive season expenditures. Additional cash deposits qualify for bonuses in the form of Tesco vouchers, ranging from £1.50 to £12 based on savings.
On October 2, the Office for National Statistics will release the latest inflation data, reflecting price fluctuations over time. Recent reports show inflation holding steady at 3.8% in August, with a peak of 11.1% in October 2022.
The deadline for paper-based self-assessment tax return submissions is October 31, subject to penalties for late filing. Alternatively, online filing is an option until January 31, 2026, with corresponding tax payment deadlines.
Recipients of the Warm Home Discount can anticipate notification by mail from October 20. This benefit, offering £150 off electricity bills, is accessible to households with qualifying benefits, directing funds to energy providers.
At Reach and its affiliates, data from device identifiers and cookies are utilized to enhance user experience, analyze site engagement, and deliver personalized advertising. Users can manage data sharing preferences via the “Do Not Sell or Share my Data” button on the website, acknowledging cookie usage and agreeing to privacy practices outlined in the Privacy Notice and Cookie Policy.
