PENSIONERS missing out on this year’s winter fuel payment may be able to claim cash from their local council to help with energy bills.

Around 10million pensioners will no longer get the benefit, which is worth up to £300, after chancellor Rachel Reeves changed the rules for qualifying.

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From this winter, the payment will be limited to people receiving Pension Credit and other means-tested benefits.

As a result, there are concerns many households will struggle with essential costs, like energy bills, throughout the winter.

Particularly as the energy price cap was increased today (October 1), meaning millions of households are facing a hike in their bills.

But, some local authorities have already stepped in to offer support to those left adrift by cuts to the benefit.

Cllr Pete Marland, chair of the Local Government Association’s Economy and Resources Board, said: “Councils recognise that changes to the way winter fuel allowance payments are made will mean some people no longer qualify and may experience difficulties.

“Many councils support local people in this situation with their own local welfare schemes, including using the Household Support Fund which has been recently extended by the government.

“However, councils do want to see a shift away from short term crisis support to investment in services which reduce poverty, improve people’s financial resilience and life chances, underpinned by a sufficiently-resourced national welfare system.”

Thurrock Council has created a £100,000 fund to help pensioners who receive benefits but will no longer qualify for the winter fuel payment.

Cllr Sara Muldowney, the council’s cabinet member for Resources, said: “We want to make sure that our residents, especially the borough’s most vulnerable pensioners and families, have access to the help and support they need to stay warm and well this autumn and winter.”

The authority has said it will work with Thurrock Community and Voluntary Services as well as other community groups to make sure support reaches those that need it.

Barnsley Council has also started a hardship fund for pensioners in response to the cut.

The council said it would be helping as many residents as possible to access the winter fuel payment, and step in if those who miss out find themselves in financial difficulties.

Councils are also looking to provide funds through the Household Support Fund (HSF).

The HSF is a pot of money shared between councils in England who then decide how to distribute it among those living in their areas.

That means what you are entitled to varies depending on where you live and is a postcode lottery.

The latest round of support will be delivered to councils this month and Milton Keynes City Council has said it will offer energy vouchers to struggling households immediately.

The council said it will assess applicants on a “case by case” basis, but people who are just missing out on the winter fuel payment will receive help worth up to £300.

Those who live in the council district and meet any of the following criteria will be contacted about accessing the support:

• Local people who are already in financial difficulty
• Those who fall out of eligibility for Pension Credit and the Winter Fuel Payment

Many councils are providing support with energy bills to all struggling households, including pensioners who will miss out on this year’s winter fuel payment.

Coventry Council will offer energy grants of up to £120 for single people or childless couples, and £160 for families.

Households living in the city can apply for a maximum of three grants between October 1 2024 and and March 31 2025.

Applications can be made online with proof of financial hardship.

Meanwhile, Bournemouth, Christchurch and Poole Council will provide grants to those over the age of 16 who do not have the money to cover essential costs.

Applications can be made through Citizens Advice here.

Medway Council is also providing help. It will give electronic energy cards to the value of £100 to those in demonstrable hardship, with less than £500 in their bank accounts.

Every council will receive funding from the HSF, so if you’re worried about making ends meet, check your local authority’s website for further details.

To find your local council, use the Government’s council locator tool.

What is the Household Support Fund?

The HSF was first set up in October 2021 and has now been extended six times.

Councils in England are now able to benefit from the latest round of funding which amounts to £421million.

Nationwide councils have received a portion of the cash to distribute to households in need.

But there is a postcode lottery to determine who qualifies and each local authority can set its own eligibility criteria.

Yet, if you have a limited amount of money or savings in the bank, or are deemed to be vulnerable or on benefits, you will probably qualify for help.

The HSF’s fifth round of funding will close on September 30, but the government has extended the scheme until April 2025 with the injection of a further £421million.

Applications may still be being accepted for the fifth round of funding, so it’s still worth checking with your local authority.

Councils will determine how the cash is distributed. For example, households in Leicestershire have been able to apply for a financial award of £300 per household, which was paid in the form of vouchers to support with gas, electricity and food.

The payment could be delivered as a Post Office voucher, which can be redeemed for cash to help with gas, electricity or water, or an e-voucher to help with food costs that can be converted to a gift card for major supermarkets.

Meanwhile, residents of Leeds could receive council tax support with those with dependent children able to claim up to £100, while those without children could receive £25.

You should get in touch with your local council to see if you might be eligible for help.

You can find what council area you fall under by using the Government’s council locator tool on its website.

The help you can get varies, depending on who your local council is, as well as your personal situation.

You may be able to receive free cash or vouchers to cover the cost of heating your home, or the weekly food grocery shop.

If an applicant is already receiving benefits, these will not be affected by the HSF.

Additionally, you do not need to be getting benefits to receive vouchers or funds from the HSF.

Check with your local council to find out what support is available and the eligibility criteria.

How do you apply?

To get the help, you’ll need to look it up with your council because local authorities are the ones responsible for distributing the funding.

To find your local council, use the gov.uk council finder tool.

Once you’ve identified your local council, there should be information on how to apply for the funding online.

Every council has a separate application process, meaning specific details regarding how to apply depend on where you live.

The eligibility requirements to access the fund might vary in addition so it’s best to check with your local council for further details.

Some councils won’t need you to apply for help and will get in touch instead if you qualify.

If you can’t find any information on your council’s website, it’ s a good idea to call them and ask for further information.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

A HOMEOWNER was ordered to flatten their garden after raising its height to peer over their neighbour’s 6ft fence.

An argument broke out after the offender piled dirt to create a terrace which caused a “significant degree of overlooking”.

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The resident, who lives in Dinas Powys in Wales, laid artificial grass over the raised bed for a barbeque and summer house – all the same height as their patio doors.

Furious by the lack of privacy, the neighbour complained to the local council.

Council staff paid a visit and were not impressed with what they saw.

The Vale of Glamorgan’s planning committee found that the height of the garden had been increased by 600mm and would need to be lowered by 300mm.

However, the resident refused to flatten their garden and instead submitted a planning application.

It was denied by the council, who deemed the change to the garden and the infringement on their neighbour’s privacy “unacceptable”.

A Vale of Glamorgan Council spokesperson told The Sun: “Every planning application is different with each considered on its merits.

“In this case, it was decided that the development would involve and unacceptable loss of privacy for a neighbouring property so the application was rejected.”

Whilst the majority of councillors on the planning committee agreed that the garden’s height was inappropriate, Cllr Christine Cave said the decision was “hypocritical “.

A former primary school in the area had portable homes erected through special planning powers.

The temporary accommodation was passed for Ukrainian refugees, but the councillor argued that they were tall enough to see into people’s gardens – like the raised garden.

“When we made the site visit [to Eagleswell in Llantwit Major] and we actually asked why the ground had been built up and why the buildings could then be overlooking into peoples’ gardens. 

“This seems a bit hypocritical to me here, that the council have done exactly the same on a much grander scale with huge overlooking of peoples’ gardens and now we are being told it is not permissible.”

Vale of Glamorgan Council allowed the development of the site at Llantwit Major through what is known as permitted development rights.

The planning powers are usually used in an emergency, but the scheme must eventually get planning permission within 12 months of the construction starting.

The council’s planning committee voted to allow the 90 units permission to remain for a minimum of five more years.

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For income investors, there are typically three legs to the stool – the yield, total return and a stable, or growing, dividend stream.

Key to a successful strategy above all else is generating a real yield, ensuring income is not eroded by inflation over time.

Prior to the global financial crisis of 2008, when interest rates sat comfortably higher than inflation, this real yield was relatively easy to achieve.

Over the decade that followed, however, the economic environment reversed, with interest rates languishing below inflation, meaning cash held in the bank, and accordingly asset prices, lost value in real terms.

As long as rates remain above inflation, income investing once again looks more appealing

Subsequent rounds of quantitative easing suppressed yields on fixed-income assets and investors were forced to look to more growth-oriented assets.

Today, however, the picture looks very different. Inflation and interest rates have crossed over once again, with the former sitting below the latter. This creates an environment more favourable for both yields on bonds and equities.

While it is hard to say with certainty how long this will last, as long as rates remain above inflation, income investing once again looks more appealing.

In the case of fixed-income yields within the UK market, those available from both gilts and corporate bonds fell drastically in the aftermath of the financial crisis.

Income investors no longer need to look to riskier areas of the market to secure the same yield

However, with the base rate as it stands today, the economic backdrop is much more supportive of fixed-income yields. This is because fixed-income securities adjust to cash rates given the additional risk involved in investing in them.

The implication for income-seeking investors is that they no longer need to look to riskier areas of the market to secure the same yield. Instead, it is possible to remain in the relatively safe areas along the capital-risk spectrum.

In contrast, yields from equities have been relatively static over the last decade, as fixed-income yields dropped off and then subsequently rose strongly.

Yields from the UK equity market today stand at around 4% and at around 2% for global equities due to the dominance of the US, which has typically paid lower levels of income.

The outlook for dividends has been steadily improving, with strong gains posted year-on-year

But that is only part of the story.

Another major element to the overall picture is dividend stability. Dividends took a significant hit during the pandemic – in the UK to the tune of 40%, in part due to UK banks being forced to suspend payments and the impact of travel restrictions on oil companies’ profitability, both fertile sectors for income investors.

Since then, however, the outlook for dividends has been steadily improving, with strong gains posted year-on-year.

Indeed, in the first quarter of 2024, some 93% of dividend paying companies globally either increased their payouts or held them steady, demonstrating the robustness of these businesses as a source of income. Even firms considered high growth stocks – the likes of Meta and Alibaba – started to pay a dividend, albeit from a low base.

The combination of these elements means it is now possible to secure much higher levels of yield without incurring additional risk.

Investors might consider adding some spicier funds to the mix offering exposure to high yield debt, or equity strategies that employ an options overlay

Nonetheless, it is important to blend income styles with strategies that reinvest dividends to secure the compounding effect, thereby producing an attractive total return complemented by more defensive approaches focused on more stable or growing dividend streams – stocks that are sometimes referred to as bond-proxies.

These may lag in more exuberant market conditions but their return profile tends to be steadier, with the added attraction of offering some downside protection.

Finally, investors might consider adding some spicier funds to the mix offering exposure to high-yield debt, or, on the equities side, strategies that employ an options overlay to enhance income, albeit by sacrificing some capital appreciation.

The implications for income investors, typically those in or approaching retirement and therefore needing to replace a salary with an alternative source of income, are important.

Earlier this year, the Financial Conduct Authority’s review of the pensions freedoms introduced some 10 years ago found income portfolios had been largely neglected for such individuals.

While annuities are once again looking attractive as a means of delivering a baseline level of retirement income, a much broader range of natural income generating solutions are now coming into play that sit above that, helping to ensure that, in retirement, the financial liabilities linked to funding a comfortable lifestyle can continue to be met.

Daniel Pereira is investment manager at Square Mile Investment Consulting and Research

AN online calculator can reveal exactly how much your bills will increase by this winter following today’s energy price cap rise.

Bills are set to increase for millions of households after energy regulator Ofgem increased the maximum price firms can charge consumers for energy.

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The energy price cap has risen from £1,568 a year to £1,717 from today, affecting millions of customers on standard variable tariffs.

The average household paying by direct debt for dual fuel can expect to see their annual bill go up by about £149 annually, or around £12 a month – a 10% increase.

But bear in mind the exact amount you pay could be higher or lower than this depending on your usage and the tariff you are on.

To help consumers find out exactly what they’ll be paying in energy costs this winter AI household money-saver Nous.co has created an online calculator.

As well as calculating your bills Nous.co can also help you find deals that might save you money as well as suggesting tips for reducing usage.

Nous.co co-founder and chief executive, Greg Marsh, said: “Lots of UK households will again be struggling with gas and electricity bills this winter, and some may even be forced to make the tough choice between heating and other essentials.

“It’s crucial to make sure you’re not overpaying for your bills. Fortunately – there are savings to be made if you’re smart about it.

“Simple things like adjusting your thermostat, monitoring your credit balance, taking regular meter readings and switching off unused appliances can help keep costs down.

“Most households can also save the better part of £150 on their energy bills, without committing to a fixed deal, plus hundreds more on their mobile and broadband by switching providers”

You can find Nous.co’s calculator here.

Ofgem estimates around 29million households on standard variable tariffs will be affected by the increased price cap.

The increases set out by the regulator apply to average-use households, but this can vary considerably.

That’s because those figures are calculated assuming that a typical household uses 2,900 kWh of electricity and 12,000 kWh of gas across a 12-month period.

If you use more than this the price will be higher as it is the unit cost that is capped not the overall amount billed.

So from today the price a supplier can charge for gas has risen from 5.48p per kWh, to 6.24p.

The price of electricity has also risen from 22.36p per kWh to 24.50p.

Meanwhile, standing charges, which cover things like maintaining the network and operational costs, have risen to 31.66p from 31.41p a day for gas and from 60.12p to 60.99p for electricity.

The way you pay for energy can also impact how much you pay and the £1,717 price cap applies specifically to those who pay by direct debit.

For those on prepayment meters the cap is £1,669 for an average household and it stands at £1,829 for those paying on receipt of bills.

If you’re on a fixed tariff there will be no change to your bill, as you’ve locked in the price for a set period.

If you haven’t already it’s important to take and submit a meter reading today to ensure you pay the lower rate for energy usage up until the point the price is increased.

If you don’t do this, you will be given an estimated bill which means some of your energy usage before October 1 could be charged at the new higher rate.

If you have a smart meter, you don’t need to take a reading as information is automatically sent to your supplier.

Despite the price cap rise, average bills remain considerably lower than during the peak of the energy crisis, which was fuelled by Russia’s invasion of Ukraine in February 2022.

The war caused a spike in an already turbulent wholesale energy market, driving up costs for suppliers and customers.

The new cap is £117 – 6% – cheaper compared to the same period last year when it stood at £1,834.

Before the energy price shock a standard annual bill was £1,084.

The energy price cap is adjusted every three months to reflect changes in underlying costs.

The price cap for January 1 to 31 March 2025, will be published on November 25.

If you’re worried about costs this winter MoneySavingExpert.com’s Martin Lewis has revealed how households can save money on their energy bills.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Brooks Macdonald’s new group chief executive Andrea Montague officially begins her role today (1 October).

The company confirmed in a short statement that Montague has received regulatory approval.

She was appointed in June following the retirement of CEO Andrew Shepherd after 22 years with the firm.

Montague joined the company as a chief finance officer in 2023. Previous roles include group chief risk officer at Aviva and senior roles at Standard Life and Royal London Group.

Montague, who grew up in Belfast, studied languages at Heriot-Watt University in Edinburgh. Her formative years were spent at PwC, where she qualified as a chartered accountant.

She told Money Marketing in May that Brooks Macdonald has an ambitious plan to become a top five wealth manager in the UK through both organic and inorganic growth

“I’ve got the responsibility for finance, M&A and strategy. I’m lucky to have a really strong team, which has allowed me to lean into the strategy piece for the board. So, I can think about the bigger picture and how we set up for success,” she said.

Brooks Macdonald, which was founded in 1991, oversees £18bn in funds under management. The firm provides wealth management services in the UK and internationally.

Last month, the wealth manager sold its international arm to Canaccord Genuity Wealth Management for up to £50.85m.

The sale of Brooks Macdonald Asset Management comes after the group had announced a strategic review as it focuses on its “core activities of high-quality investment management and financial planning within the UK”.

TENS of thousands of households will get huge council tax reductions of up to 100% after a vital scheme was extended.

Officials at Durham County Council last week approved the continuation of the Council Tax Reduction scheme for households on low incomes.

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Around 53,800 people in County Durham currently benefit from the discount, the local authority said.

Of this number more than 41,000 people receive the maximum 100% discount.

But Durham is not the only council to offer the scheme, which provides a vital lifeline to thousands of households struggling to make ends meet.

Council Tax Reduction is available nationwide to those who are on a low income or claim benefits.

If you are eligible you usually will not get an actual payment.

Instead, the council will reduce the amount of tax you have to pay.

You can apply if you own your home, rent, are unemployed or are working.

The amount you get depends on several factors including: where you live, your income, the number of children you have, the benefits you claim, your savings and pension.

Whether you qualify or not will depend on your council’s individual criteria.

How do I apply?

You need to apply directly to your local council to receive the discount.

There should be information on its website about the types of discounts and exemptions available and how to apply for them.

You can find out who your local council is by visiting gov.uk/apply-council-tax-reduction.

In your application your local council will ask you for details about your income and circumstances so they can work out if you are entitled to the reduction.

They will then calculate your bill and will tell you how much council tax if any you need to pay.

What help is available?

Milton Keynes

Milton Keynes residents who are on a low income can apply for a council tax reduction of up to 80% of their tax bill.

Those who have reached the age of 66, at which point they can claim pension credit, can get help with up to 100% of the cost of their Council Tax.

You can apply for the deduction through the council’s online portal.

Once your claim has been processed the discount will usually start on the Monday after the council received your complete claim form.

The discount will be paid directly into your Council Tax account and you will then receive a reduced bill.

Leeds

Households in Leeds can apply for a council tax discount of up to 75%.

The size of the discount depends on your income.

To be eligible you must not have savings, investments or property worth more than £16,000 unless you or your partner claim Pension Credit.

If you are a pensioner then you may be able to claim a 100% discount but the size of the reduction depends on your income and situation.

You can apply through the council’s online form or by calling 0113 222 4404.

Manchester

In Manchester council tax support is available but it will not cover all of your bill.

Working-age people in the city who are liable for Council Tax must still pay at least 15% of their bill.

Council tax reductions will only help with the remaining 85%.

However, residents who are pension-age can still get help which will pay for their whole bill.

Generally, the less income you have the more help you can get to pay your council tax bill.

But if you have £16,000 or more in savings then you do not qualify for any support.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories