Roundup of recent DWP announcements
Benefits to bricks
The Prime Minister set out in a speech on Thursday (9 June) new plans to boost home ownership, including a right to buy extension in England to make home ownership possible for millions more people.
Plans include several measures to be delivered by DWP as follows:
- Local Housing Allowance (LHA) for first time buyers – housing support contributions towards mortgage payments for first-time buyers
- Universal Credit: change capital rules so those saving for a deposit are not penalised, aiding aspiration
- Changes to Support for Mortgage Interest (SMI) entitlement: SMI entitlement starting at three months, with eligibility not tied to zero earnings
- The Housing Support Initiative (HSI): to explore the possibility of a pilot to bring forward new supply of social homes with right to buy potential.
The above measures apply GB-wide.
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Pension Credit – Day of Action
Urging pensioners to take-up the financial support available to them is the aim of the ‘Pension Credit – Day of Action’ on Wednesday 15 June.
There is a wide variety of content which you can use on your channels to promote Pension Credit.
The benefit tops up people’s state pension and can help with other bills. An estimated £1.7bn is being left unclaimed, by around 800,000 pensioners who are missing out. With the increasing cost of living, it is vital that those eligible are encouraged to apply.
On the day of action, you can expect to see videos from the Minister for Pensions and Financial Inclusion, stakeholders and case studies in the media and on social channels. In recent days the Minister held a roundtable with charities and organisations representing key industries.
The Day of Action will seek to mobilise pensioners, their loved ones and friends, to boost the numbers checking eligibility for Pension Credit and applying for support worth more than £3,300 a year on average.