October is poised to bring significant financial changes, with key dates for your calendar compiled by The Mirror. Energy bills are increasing at the beginning of the month, but there is also an opportunity to receive a £150 reduction on your electricity expenses through a reopening scheme. Keep a close watch on this if you are facing financial difficulties.
For those needing to apply for the Winter Fuel Payment, particularly self-employed individuals, the self-assessment tax registration deadline is approaching. Additionally, there is a deadline for postal submission of self-assessment tax returns, so it’s essential to stay informed about these important dates.
The Ofgem energy price cap will rise to £1,755 annually from October 1, affecting typical dual fuel households paying via direct debit. This price cap will remain in effect until December 31 when it will be revised. The cap sets limits on gas and electricity unit charges and fixed standing charges for energy network connections.
Newcomers to self-assessment tax returns must register with HMRC by October 5 for the upcoming tax year. You can check your tax return requirements on GOV.UK, especially if you are self-employed or have additional untaxed income.
Winter Fuel Payments, worth up to £300, will be distributed automatically to eligible recipients, with applications open from October 13 for those requiring manual claims. The Tesco Christmas Saver scheme’s deadline for deposits is October 16, allowing you to accumulate Clubcard points for holiday spending.
Inflation data from the Office for National Statistics will be published on October 2, revealing price changes over time. Self-assessment tax returns must be filed by post by October 31 to avoid penalties, with further penalties for late submissions. The deadline for online tax return submissions and tax payments is January 31, 2026.
Recipients of the Warm Home Discount, providing £150 off electricity bills, will receive notification by mail from October 20. This discount benefits households receiving qualifying benefits, including Pension Credit and Universal Credit, and is directly applied to energy bills.