Nine money changes coming in June including free cash and Tesco Clubcard

ACROSS the country millions are trying to manage their budgets, with more changes hitting your finances next month.
From energy to food, households have been stung by eye-watering bill hikes.

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You will want to make a note of these big money changes coming this month

This month will bring even more money changes – but some could mean you’ll be better off.
We explain all the key dates you need to circle in your diary below.
£150 cost of living payment
Millions of disabled people will get a one-off £150 cost of living payment paid straight into their bank accounts.
The payment is meant to help with the extra costs disabled people in particular often face, such as care and mobility needs.

More than six million people will get the tax-free cash between June 20 and July 4, the Department for Work and Pensions said.

You’ll be able to spot when the free cash lands as it will come with a special code.
You’ll be able to see when the money has landed in your bank account by looking for the words: DWP COL along with your National Insurance number.
You have to be receiving certain benefits to qualify for the £150 cost of living payment. These are:

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Disability Living Allowance
Personal Independence Payment
Attendance Allowance
Scottish Disability Benefits (Adult Disability Payment and Child Disability Payment)
Armed Forces Independence Payment
Constant Attendance Allowance
War Pension Mobility Supplement

We’ve explained all the exact dates for cost of living payments worth up to £1,350 will be paid this year- and you’ll want to make a note of them.

Mortgage rate changes
Earlier this month, the central bank increased its base rate from 4.25% to 4.5% – the 12th increase in a row.
The rate is used by high street banks and lenders to set the rates it offers customers on mortgages, loans and savings.
The next Bank of England meeting that will decide any further interest rate hikes will take place on June 22.
A rate rise is generally good news for savers, especially after a long stretch of getting very low returns.

Usually, the BoE rise would mean a blanket increase in the cost of borrowing for households too – depending on what loan you have.
If you have a tracker mortgage that follows the base rate, you can expect your interest payments to …
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