Martin Lewis says he was 'turned down' from Peerage
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British Gas Energy Trust has a special fund that hands out up to £1,500 to people struggling to pay off their bills and stay out of debt. The money is available to British Gas customers all year, and reopens to non-customers tomorrow.
In his latest weekly newsletter for MoneySavingExpert.com, Mr Lewis said: “Applications and eligibility is tricky, so often it’s easiest to apply via a help charity.”
To apply for the individuals and families fund, a person will need to be or have the following:
- Live in England, Scotland or Wales
- Seeking a grant to clear an outstanding debt on a current or open gas, electricity or dual fuel energy account in your name or be a member of that household. The energy account must relate to their main residence
- Have electric and/or gas debt between £250 – £750
- Not have savings above £1,000
Applicants also need to provide proof of all household income, including three recent consecutive wage slips or benefit statement less than a year old.
A copy of their most recent gas and electricity bill must also be provided.
People applying for the funds must also have sought financial advice prior to applying from a service such as Citizen’s Advice, so that they can prove that they will be able to manage their bills in the future.
Britons can apply for the fund via the British Gas energy trust website.
Mr Lewis also warned that gas and electricity energy prices are likely to spike again from October.
He said that the direct debit cap is likely to rise to £3,000 a year.
Other services are available to help those struggling with debt.
People can call the following organisations to access the help they need to get their finances back on track:
- National Debtline – 0808 808 4000
- Step Change – 0800 138 1111
- Citizens Advice – 0808 800 9060
Every UK household will also get a £400 payment from the Government this year, as part of Rishi Sunak’s package of measures for the cost of living crisis.
Most eligible people, including those on Universal Credit, will receive the first instalment of a £650 payment to help meet the rising cost of living next month.
Claimants across the UK will get their first payment worth £326 from July 14, 2022.
People on Tax Credits, including Child Tax Credit and Working Tax Credit, will receive the first instalment in autumn.
This support arrives as inflation has reached 9.2 percent in the UK.
The Bank of England recently raised the base interest rate to 1.25 percent, in a bid to tackle soaring inflation.
Martin Lewis is the Founder and Chair of MoneySavingExpert.com.
To join the 13 million people who get his free Money Tips weekly email, go to www.moneysavingexpert.com/latesttip.
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