Personal Finance

Cold Weather Payments haven't risen over a decade – how inflation has eroded benefit

Former Pensions Minister Baroness Altmann has been calling for an emergency winter manifesto of action to help elderly people who are struggling financially during the current cost of living crisis.

In an article she penned for, she shared her concerns that Winter Fuel Payments, Cold Weather Payments and Warm Homes Discount are not at the level they should be. 

She noted that increasing these payments will “reflect the rise” in energy prices and cost of living that pensioners and households are having to face. 

Cold Weather Payments are made automatically to individuals receiving certain benefits or support for mortgage interest. 


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