Martin Lewis shared loads of helpful tips and advice to help the nation navigate the cost of living crisis which is set to put an even tighter squeeze on the finances of millions from next month once the eye-watering hike in energy prices kicks in.
The founder of MoneySavingExpert.com explained to viewers how to check their current financial situation to make sure they are not missing out on extra benefits, discounts or Council Tax redactions.
But he also had a crucial update for anyone challenging their Council Tax band in the hopes of getting it lowered who thinks this will then make them eligible for the £150 Council Tax energy rebate backdated - it won’t.
However, the financial guru quickly pointed out that anyone who does successfully get their Council Tax band lowered or receives a discount or reduction from their local authority, will receive a much bigger boost than the £150.
Martin was prompted to explain the grey area around backdated payments for the £150 energy rebate after a question from a member of the virtual studio audience.
Jo is currently on band E and is challenging her banding as she believes she should be on band D and has been told it could take up to four months for the process to be completed.
She asked Martin: “I’m worried that I’ll lose out on the £150 rebate, what do I do?”
Martin responded: “In the guidance on the £150 Council Tax energy rebate payment that’s due to come in April in England and similar schemes in Scotland and Wales for anyone who is in band A to D, there is nothing about people who are rebanded.
“I think the answer here is you probably won’t get that £150 and won’t probably, because there’s nothing in three, be eligible for it if you do get rebanded.”
He added: “If you are rebanded that’s a much much bigger saving than £150 as it’s backdated.”
However, Martin also advised Jo and anyone in a similar position who does not meet the eligibility criteria, that all local authorities have a discretionary fund and may be able to help if you are struggling financially.
A few members of the Daily Record Money Saving Scotland Facebook group have already reported seeing the £150 credited to their 2022/23 Council Tax account.
How to get the £150 Council Tax Energy Rebate
The UK Government has urged all households in England to pay Council Tax by Direct Debit to get the £150 energy rebate paid directly into their bank account. If you set up a Direct Debit with your council, your Council Tax rebate will go directly into your bank account in April.
If you don't pay via Direct Debit the £150 will be used as credit towards your Council Tax bill.
If you live in Scotland, you will get your £150 Council Tax rebate in a similar way.
Scottish Finance Secretary Kate Forbes confirmed if you don't pay via Direct Debit the £150 will be used as credit towards your Council Tax bill.
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