As we enter a new month it's important to keep an eye on some of the big changes happening that may affect your personal finances.
Throughout June, a few key changes will be taking place, including the end of government energy support for most people, new interest rate and inflation figures, and new support for some parents. Meanwhile, the £150 disability cost of living payment will start to be sent out to more than six million eligible households.
Here is everything you need to know about the changes being rolled out in June - and what they mean for you.
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£100 to Nationwide customers
Nationwide is paying out £100 to around 3.4 million of its customers between June 13 to June 30. The money will be paid automatically - meaning you don't need to apply for it - and will show on your bank statement as "Nationwide Fairer Share Payment".
To be eligible for the payment, you need to have a qualifying current account, plus a savings account or mortgage product with Nationwide. Current accounts must have been opened on or before March 31, 2023, and still be open in June to receive the cash reward.
Tesco Clubcard points no longer valid - June 14
Tesco shoppers will be hit by two Clubcard changes on June 14. The first shake-up will see the value of Clubcard points when redeemed against a "Rewards Partner" reduced.
Clubcard points are currently worth triple their value when used with a "Rewards Partner" but they will soon only be worth double their value. Tesco currently has over 100 “Reward Partners” including Disney+, Thorpe Park, Pizza Express, Legoland and Zizzi.
The second change affects Clubcard holders who purchase fuel at Tesco forecourts. Drivers currently get one point for every £2 they spend on fuel - but this will switch to one point for every two litres of fuel purchased.
Deadline for HMRC renewal packs - June 15
HMRC is currently in the process of sending out renewal packs to 1.5 million Tax Credit households. It is expected the last renewal packs will be issued by June 15. Tax Credit claimants must renew their claim every year - or risk their benefit being stopped. You can do it online through your GOV.UK account or you can use the HMRC app.
You can also call the HMRC Tax Credit helpline on 0345 300 3900 or post back the renewal pack you are sent by HMRC. You have until July 31 to renew your Tax Credit claim.
Disability Cost of Living Payment - June 20
Six million people in receipt of disability benefits will receive a £150 cost of living payment between June 20 and July 4. In order to get the £150 payment, you need to have been claiming a qualifying benefit on April 1, or are subsequently paid for that date.
Your payment might come later if you start claiming benefits at a later date and backdate your claim
New inflation figures from ONS - June 21
The Office for National Statistics (ONS) will release the inflation rate for the 12 months to May on June 21. Consumer Price Index (CPI) inflation is a figure used to explain how much the prices of goods and services have increased over time.
When inflation is high, it means prices have risen more sharply and you’re getting less for your money than before. CPI inflation was 8.7% in the 12 months to April - this is down from 10.1% in March, and down from the 41-year high of 11.1% recorded in October last year.
New Bank of England interest rates - June 22
The Bank of England will announce whether interest rates will be raised again on June 22. The central bank increased the base rate on May 11 to 4.5% The base rate is what the Bank of England charges other banks and lenders - this in turn then influences the rates you are charged as a customer when you borrow money.
If interest rates are higher, you'll pay more to borrow on products like variable rate mortgages - but the flip side is, savings rates should go up.
Universal Credit childcare rates increase - June 29
Low-income parents receiving Universal Credit will see a boost to their childcare payments by 47 per cent. This equates to £951 for one child and £1,630 for two or more children.
Mel Stride, Secretary of State for Work and Pensions, said: “These changes will help thousands of parents progress their career without compromising the quality of the care that their children receive. By helping more parents to re-enter and progress in work, we will be able to cut inactivity and help grow the economy.”
Energy Price Guarantee ends - June 30
The last day of June will mark the end of the government's Energy Price Guarantee for most people. This is because Ofgem's price cap will fall below the EPG, meaning customers will pay the lowest of the two.
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