Money Saving Expert founder Martin Lewis has issued an urgent call to action for households across Britain, highlighting several crucial financial opportunities that could put hundreds of pounds back in people's pockets this February.
Critical Energy Bill Support Ending Soon
The Warm Home Discount scheme, providing £150 off electricity bills for eligible households, is set to close on February 29th. "This is one of those deadlines that could slip under the radar," warns Lewis. "If you qualify for this support, you need to act now before this valuable help disappears."
Council Tax Changes Looming
Major council tax adjustments are coming into effect across England and Wales from April 1st. Lewis emphasises the importance of checking your band now: "Many people are paying more council tax than they should be. Use the free online checkers to see if you're in the correct band - this could save you thousands over time."
Free Cash Opportunities You Can't Afford to Miss
Benefits Check: "Thousands of pensioners are missing out on Pension Credit they're entitled to," Lewis states. "This isn't just about extra income - it acts as a gateway to other vital support including free TV licences for over-75s."
Energy Direct Debit Review: With the energy price cap changing quarterly, Lewis advises: "Now is the perfect time to submit fresh meter readings and reassess your direct debit payments. Many people are building significant credit with their suppliers without realising it."
Simple Steps That Could Save You Hundreds
- Check eligibility for the Warm Home Discount before February 29th
- Review your council tax band using free online tools
- Conduct a benefits check, particularly if you're over pension age
- Submit meter readings and adjust direct debits accordingly
- Register for the Mirror's Money newsletter for ongoing updates
Lewis concludes: "In this cost of living crisis, every pound matters. Taking just 30 minutes to action these points could make a genuine difference to your financial wellbeing this year."
