1) Pay for prescription medication in advance
If you live in England and pay for your prescriptions, buying Prescription Prepayment Certificates (PPCs) could save you money. If you are paying for over 12 medications per year, buying a 12-month PPC at £104 will save you money. Three-month PPCs cost £29.10 and will offer savings if you require more than three medications in those three months.
2) Use the ‘assessed charge’ to save you money on your water bill
If you live in a property that is not able to have a meter installed and you are are single, you could ask your water company to charge you based on an ‘assessed charge’. This charge may reflect your water consumption more accurately than your current method. Ask your provider for an assessment and see how it compares to your current flat rate – you could save up to £100 a year.
3) Give promotional and discount codes a go
Before making a purchase online or booking a table for dinner, do a quick Google search to see if the company in question has any promotional or discount codes available. Ensure you check the dates and terms and conditions to be sure that the offer is still valid – a dedicated smartphone app for voucher codes is a good way of finding valid offers.
4) Claim money back from delayed trains
Most people are unaware that they can claim ticket prices back when their train journeys are delayed. The minimum compensation they have to provide by law is 20% of the ticket value if your journey is delayed by an hour or more. Some train companies have even more generous terms, for example First Capital Connect will give you 50% of your ticket price back if you’re delayed by 30 minutes and 100% if you are delayed by more than an hour.
5) Check your tax code
Something as simple as having the wrong tax code could be costing you money. Check that your code is correct for your current situation and you could save thousands of pounds.
If you want some professional help with your finances, an accountant may be able to help. For more information, please see our Personal Finances page.
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