Martin Lewis issues £30,000 wage warning for Britons amid cost of living crisis

MoneySavingExpert Martin Lewis has issued an urgent warning to all households with a total income of less than £30,000 – could they be entitled to extra cash?

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Martin Lewis advises households earning less than £30,000

martin lewis has urged all households earning less than £30,000 to see if they can claim extra money Services.

The MoneySavingExpert founder explained how it only takes ten minutes to do a quick online check.

While not everyone with a household income of less than £30,000 is eligible for benefits, Martin says this is his rough guide to when it’s worth investigating.

In certain circumstances, some families earning £50,000 or more could also be eligible for assistance.

“Do you have a combined (family) income below £30,000?” he asked Twitter.

Martin Lewis has issued a benefit warning to households

Have you recently found out that you are entitled to benefits you never knew you could claim? Let us know:

“If that’s the case and you’re not getting any benefits, it’s worth spending ten minutes on our free benefits calculator… to see if you’re missing out.”

“I’m NOT saying everything will be due, just worth checking out.”

How many benefits you might be entitled to depends on your situation, but one MSE readers previously told Martin that she is now £2,000 a year better off after finding out she was entitled to help.

Known only as Christine, the reader learned that she was entitled to housing benefit and care allowance.

savings expert has a free benefits calculator that you can use. Other popular online calculators are those by Turn2us, politics in practice and justified.

To find out your eligibility, you must answer questions about your employment, income, and living conditions.

You must answer as accurately as possible to get a correct number.

Once you have determined whether you are likely to make a claim, you must physically apply for the benefits.

Debt relief organization Turn2Us has previously estimated this seven million families are missing out on unclaimed services.

Martin Lewis’ warning comes as families continue to come under pressure Cost of Living Crisiswith rising energy bills and inflation.

The regulator Ofgem has confirmed it is increasing its price cap by £693 from £1,277 to £1,971 from 1 April – a 54% rise and a big drop in household bills.

Prepay customers will be worse off with a £708 jump from £1,309 to £2,017.

the energy price cap sets a limit on the rates a supplier can charge for each unit of gas and electricity you use and is currently reviewed twice a year.

In the meantime, Inflation just rose to 6.2%it was confirmed yesterday, with predictions that it will continue to rise.

That means we all feel the need and pay more for everyday goods.

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Fry Electronics Team

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