• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Martin Lewis Has Message To Every Household Earning Under £30,000 Per Year

Home> News

Updated 12:33 9 Mar 2022 GMTPublished 12:32 9 Mar 2022 GMT

Martin Lewis Has Message To Every Household Earning Under £30,000 Per Year

The money saving expert has urged households earning under £30,000 to do this one thing.

Shola Lee

Shola Lee

Martin Lewis, the money saving expert, has issued an important message to every household with an annual income of less than £30,000.

On Tuesday, March 8, Lewis gave the advice – which comes as the cost of living continues to rise in the UK – during an hour-long episode of The Martin Lewis Money Show.

Martin Lewis (Alamy)
Martin Lewis (Alamy)

According to the Office for National Statistics, the median household income for the UK in the financial year ending 2020 was £29,900.

Advert

Lewis's appeal, therefore, will apply to many people around the country.

Directly speaking to viewers, Lewis urged: "If you have an income of less than £30,000 and you are struggling, it is worth spending 10 minutes on a benefits calculator to see what you are entitled to."

A benefits calculator helps individuals work out how much they are entitled to claim on income-related benefits, tax credits and Universal Credit.

Martin Lewis (Alamy)
Martin Lewis (Alamy)

Benefits are intended to help people who are struggling, and will be particularly welcome to those trying to readjust their budget to the rising cost of living in the UK.

Advert

The cost of living hit a 30-year high in January 2022, with energy, fuel and food prices rising, as per the BBC.

With prices rising, people are having to tighten their budgets and may even be resorting to 'buy now, pay later' schemes, something Lewis was quick to warn against.

"I am very concerned about 'buy now, pay later'. It is a debt even if it is debt free. If you cannot pay it back, it’s difficult," as per The Mirror.

Lewis's advice comes as Ofgem announced that its energy price cap will rise by 54% on April 1.


Advert

A further rise is expected in October, which could be significantly higher, according to Lewis's website.

The cap means that many households around the country could expect to add £693 to their energy bill each year, as per The Independent.

With many left wondering what to do amid the price hike, Lewis suggested solutions to help people cope.

He said: "I would suggest you do a meter reading today and diarise to do a meter reading on March 31, so you draw a line and tell the energy company, 'All this energy I've used should be at the cheap rate'."

Lewis then added that families should check how to claim a £150 council tax rebate from April, which may help in addition to the benefits he previously mentioned.

Featured Image Credit: Alamy

Topics: Martin Lewis, Money, UK News, Viral, Twitter

Shola Lee
Shola Lee

Advert

Advert

Advert

Choose your content:

2 hours ago
4 hours ago
6 hours ago
  • Anna Moneymaker/Getty Images
    2 hours ago

    Body language expert explains why King Charles was 'clearly uneasy' after what Trump did during state visit

    Trump was breaking royal protocol once again

    News
  • Nina Westervelt/Billboard via Getty Images
    2 hours ago

    Major new discovery in case of decomposing body found in boot of singer's impounded Tesla

    The Tesla was registered to singer D4vd, real name David Anthony Burke

    News
  • Handout/Getty Images
    4 hours ago

    Disturbing behaviours Madeleine McCann prime suspect Christian B displayed before arrest

    Christian Brueckner's claimed McCann was 'dead' among other odd behaviours in the ITV documentary

    News
  • Jonathan Brady - WPA Pool/Getty Images
    6 hours ago

    Royal protocol explained as Donald Trump breaks major etiquette in first moments of meeting with King Charles

    The US president is currently in Britain on a second state visit, with plans to meet Sir Keir Starmer tomorrow

    News
  • Martin Lewis issues warning to any household earning under £35,000
  • Martin Lewis issues warning to every Brit going on holiday this year
  • Martin Lewis issues costly warning to every Brit with a car finance claim
  • Martin Lewis issues hack to those born before 2006 that can earn you free £1,000 every year