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Winter Fuel Payment and Using Cash

The record levels of cash being handled at the Post Office.

Many pensioners in England and Wales will lose Winter Fuel Payments this year. This annual payment had been universal and worth 拢200 or 拢300 pounds a year, depending on your age. From this winter it will be restricted to pensioners receiving Pension Credit or other means-tested benefits. The reason for means testing it this way is to save money - about 拢1.5bn each year. In a statement the government told us that "given the dire state of the public finances we have inherited, it鈥檚 right that we target support to those who need it most." So how will you be affected? The Department for Work and Pensions has urged people to check if they could be eligible for Pension Credit - you can check here: https://www.gov.uk/pension-credit-calculator.

The Post Office handled a record amount of cash last month with customers either depositing or withdrawing more than 拢3.7bn. That new figure beat previous record highs set in May and April suggesting not only is there continued demand for cash, but that people are using Post Office branches more and more to get it. Dan Whitworth visits a branch in North Lincolnshire.

And, what does the expansion of funded childcare hours for working parents mean for those who鈥檙e set to benefit?

Presenter: Felicity Hannah
Reporter: Dan Whitworth
Researcher: Catherine Lund
Editor: Jess Quayle

(First broadcast 12pm Saturday 31st August 2024)

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30 minutes

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Sun 1 Sep 2024 21:00

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  • Sat 31 Aug 2024 12:04
  • Sun 1 Sep 2024 21:00

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