Notes for Guidance - Common Financial Tool

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