Martin Lewis warns ‘do not ignore’ DWP letter or | U.Ok.Finance Information
Cash skilled Martin Lewis has issued an pressing warning to anybody who receives a DWP letter about their advantages.
Talking on the latest episode of The Martin Lewis Cash Present Reside on ITV1 and ITVX, the money mastermind set out in no unsure phrases how failing to behave on a letter at present being despatched out to people on Tax Credit can be ‘devastating financially’ for them.
He issued a plea as he warned these affected ‘do not ignore this’ as your advantages might be stopped or decreased.
In April, the DWP’s Tax Credit system is being phased out and people claiming the outdated model Tax Credit are being migrated to the catch-all benefit Common Credit score.
However these nonetheless on Tax Credit aren’t robotically moved to Common Credit score they usually need to answer to the letter the DWP sends them to be able to keep their advantages.
Even in the event you apply later on, chances are you’ll not obtain as a lot money as earlier than as a result of of the loss of ‘transitional protections’, Martin warned.
Martin Lewis mentioned: “This one is really important. There are hundreds of thousands of people still on the old tax credits system.
“Do not ignore the letter you’re about to get or may have already got, from the Department for Work and Pensions.
“The Tax Credits system is being turned off in April. DWP is posting letters saying you must apply to switch to Universal Credit.
“Do not ignore this. If you do, you could have your benefits stopped.
“And even if you then reapply to get your benefits, you will have lost the transitional protections that give you more money.
“And I’m hearing up to one in three people are not listening to the letter and are seeing their benefits drop.
“If you know someone on Tax Credits, do not, please, ignore that letter, it could be devastating financially for you.”
The DWP backs this up. It says: “Tax credits end on 5 April 2025. No more payments will be made after that. You’ll be sent a letter if you are eligible for Universal Credit or Pension Credit instead.
“It’s quicker and easier to manage your tax credits online than over the phone.”
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