PIP: Personal Independence Payments from DWP are set to increase this year – details | Personal Finance | Finance

0
18


PIP is intended to offer financial help to people with a long-term health condition or disability. The payment replaces the Disability Living Allowance (DLA), which is perhaps more familiar to Britons who need this kind of help. PIP will cover some of the extra costs associated with a person’s condition, and means people can receive between £23.60 and £151.40 per week.

How much a person receives is based on how their condition affects them, rather than the condition itself.

With a new year, new rates for PIP are on the horizon, the Department for Work and Pensions (DWP) has explained.

Leaving 2020 behind, there will be changes which those with a disability or health condition will be affected by. 

Those who are in receipt of PIP, then, will wish to make note of the potential increases to their sum.

READ MORE: Money saving: Britons could save £5,000 this year through resolutions

Britons will either be in receipt of the standard or enhanced rate of these payments, depending on the severity of how their condition affects them.

At present, the standard mobility rate is £23.60, but this will rise slightly to £23.70 this coming tax year.

Indeed, the enhanced rate of mobility will also increase from £62.25 to £62.55.

For the daily living component of PIP, there are also slight increases to rates which are worth noting.

PIP is usually paid once every four weeks to people who are eligible, except when the dates are affected by bank holidays.

Recipients can expect to receive their money directly paid into their bank, building society or credit union account. 

If a person believes they are entitled to receive PIP, they can claim by calling the DWP.

They will need to provide certain details such as National Insurance number, bank details, doctor’s information and date of birth.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here