Notes for Guidance - Common Financial Tool

update to section 6.8 to amend sight of supporting spend from £143 to £146 from 1 October 2025. Also 1.7 Schedule regarding a contribution in DAS.

update to section 6.8 to amend sight of supporting spend from £154 to £143.

updates to section 1.6,1.7 and 6.8.

6.8 AiB will only require sight of supporting evidence/estimates if it has been determined that the spend will exceed £143 per month. This will increase to £145 per month from the 1 January to the 31 March 2025.

Following Ofgem announcement on energy price cap, an amendment has been made to essential expenditure section 6.8

Change to evidence requirements - expenditure for gas and electricity, without the need to provide evidence has been amended to £130 per month from July 2024.

AiB now facilitates the CFS and previous references to MAT have now been changed to AiB

Amended trigger figure, energy cap and removal of COL

Change to evidence requirements - the expenditure for gas and electricity, without the need to provide evidence has been amended to £140 per month combined.

Amendments made to payment amounts and dates in Appendix B - UK Government Cost of Living Support - Help with Energy Bills

Pet changes moved from section 10 housekeeping to section 11 other expenditure

Amendment to reflect the energy price cap set to an annual level of £1,928 as of 1 January 2024

Originally published