Withdrawing winter fuel payment from some homes 'will save millions' - 04/05/2011
Pensioners might want to compare energy deals in order to save money as the pensions minister has noted that millions of pounds could be saved each year by withdrawing winter fuel payments from certain households.
Steve Webb MP said in a written parliamentary answer: "If entitlement to winter fuel payments were restricted to those in households with net before-housing-costs income of £35,000 or less, it is estimated that the total winter fuel payment for Great Britain would reduce by £270 million a year."
He pointed out that this financial year is expected to see £2.124 billion spent on winter fuel payments.
"As such, the saving represented by restricting to those in households with annual net before-housing-costs income of £35,000 or less represents 13 per cent."
Winter fuel payments give pensioners up to £400 each year to help them pay heating bills and prime minister David Cameron promised to keep the benefit in the run up to last year's election.
If you want to find out more about switching energy suppliers and how you could save up to £453 in minutes, click here.
Share this story with your friends:-
Save up to £300 on your gas & electricity bills at energyhelpline.com
Compare prices from all energy suppliers to find your best deal