Britons will be affected by a number of new tax year price rises today.
April 1 brings in a new tax year, and with it an increase in prices for many Britons.
Higher prices will not be welcome news to many in the UK.
Increases in council tax, car tax and other bills are on the way. Which of your bills are increasing?
Council tax bills in the UK are rising by 4.7 per cent. That’s an extra £78 for the average house hold.
Those who live alone or with a student get a 25 per cent discount, so don’t forget to apply if this is you.
Proposed probate fee hike
This is potentially one of the biggest increase in fees for those with large estates.
Probate fees are charged to families who need to prove their deceased loved one’s will is a legal document before having it carried out. Those with an estate worth £2 million will now have to pay a huge £6,000 for this process.
However, those who have an estate less than £50,000 will now pay nothing, previously having to pay out £215.
So this new model could increase or decrease the amount you pay, depending on the value of your estate.
Mobile network bills
Mobile phone contracts are being increased, major suppliers have announced. But how much more you will pay depends who you are with currently.
EE customers will pay the most with a 2.7 per cent increase. Three and O2 customers will pay 2.5 per cent.
Vehicle Excise Duty (VED) car tax could increase by up to £65 as of 6 April. Those whose cars are the most polluting will pay the highest sum/
However, most will only pay an extra £5.
The TV licence fee will increase by £4 to £154.50. Do you have to pay this?
If you don’t watch live TV or BBC iPlayer you need not pay this fee, however, you will also need to provide a No Licence Needed declaration. Over 75s do not need to pay this fee.
The average household is pay £117 more for their energy as of today, as Ofgem has raised the cap on default tariffs.
British Gas, EDF, Eon, Npower, Scottish Power and SSE are all raising their prices.
As of today water bills in increase by 2 per cent. This will cost the average British household an extra £8 a year.
Martin Lewis revealed how to avoid the energy price hike recently.
The Money Saving Expert told ITV viewers: “Ironically, the price you will be charged from Monday will be higher than it was before it was introduced [on January 1].
“My golden rule is go and do a comparison,” he said.
Determined to motivate Britons to make the move to a cheaper deal, the financial expert went on to break his “golden rule” by pointing out some firms offering good customer service as well as a decent price on the bills.
“Bulb is quite cheap at the moment,” the broadcaster said, before touching on how the company as well as competitor Shell Energy could both see ballplayers save someone with typical usage more than £250 each year.