John Webb from Experian stresses the importance of handling household documents safely to avoid identity theft, while the DWP announces a 6.7% rise in Personal Independence Payment rates to aid recipients amidst the growing cost of living.
John Webb, a representative from Experian, has emphasized the importance of properly managing household documents to safeguard against identity theft. Webb advises keeping critical ID paperwork secure at home and recommends converting other documents to digital formats where possible. Additionally, for those self-employed, it is necessary to keep specific financial and employment-related documents for up to five years for tax purposes.
Experts suggest opting for electronic statements from banks and utilities as a method to minimize identity theft risks, noting that many companies now accept digital copies of necessary documents. Key advice includes securing sensitive paperwork and ensuring digital data is protected with passwords. Destroying old documents with personal information, such as by shredding, is crucial to prevent fraud. Individuals are also encouraged to monitor their credit reports regularly for any unusual activity.
In a separate announcement, the Department for Work and Pensions (DWP) has revealed an increase in Personal Independence Payment (PIP) rates by 6.7% from April 2024. This adjustment comes as a measure to assist millions of recipients in the UK facing escalating living costs. PIP serves as a welfare benefit to help those with long-term illnesses, disabilities, or mental health issues manage additional expenses. The updated rates are set to provide a standard daily living component of £72.65 and an enhanced component of £108.55, with mobility components also seeing an increase.
Eligibility for PIP is assessed based on the impact of an individual’s condition on daily living and mobility, with the application process beginning through the PIP new claims phone line. It is noted that receiving PIP does not affect universal credit payments and is tax-free. Additionally, PIP recipients may be eligible for further benefits such as a Blue Badge, vehicle tax discounts, and access to a Motability Scheme vehicle, among others. This rise in PIP rates aims to offer crucial support to vulnerable individuals amidst financial challenges.
