Martin Lewis has issued a fresh warning to UK households and claims millions are missing out an essential bill-saving scheme.
Certain customers can receive up to a 50 per cent discount on their water bills and the Money Saving Expert founder said up to 5.7 million eligible homes are not claiming the support. Speaking on Good Morning Britain’s recent ‘Wallet Wednesday’ segment, the consumer champion shared details on some of the ‘lesser-known’ support which low-income residents can claim to slash the cost of their water bills.
By using social tariffs which are available for all water companies, some can get up to half off their overall bill. However, only one in five people are estimated to be using the scheme despite the huge savings potentially on offer.
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Speaking on GMB, presenter Susanna Reid prompted: “5.7 million households are missing out on an average £160 a year?”
Explaining how people can save money on social tariffs, Martin replied: “The biggest one of all being missed out, and the least known one. Every water company has to have its own social tariff – this is for people on lower incomes.
“Only two in 10 people who are eligible for this are claiming this right now. So what you need to do if you’re on a lower income and you’re struggling to pay your water bill, or even if you’re just on a lower income, is go on to your firm’s website and search social tariffs.”
If you are unable to apply online, you can also call up your water firm to see if they offer any help. The financial guru, 50, highlighted that there are plenty of schemes customers can take advantage of, the M.E.N reports.
He said: “There’s more help, too. If you’re on a water meter, the water sure scheme is for those on benefits.”
He added: “If you have medical needs, which means you need to use more water, or you’ve got three plus school-aged children, that’s an extra help that you can get as well as this or separately to this. But you can just see this is just the tip of the iceberg.
“The most important thing I do if I were you, is get yourself onto an online benefits calculator to see the help that’s available. Millions of people missing out on so much vital support in the middle of a cost of living crisis.”
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