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Will PIP interest rate go up in 2022 and how much can I get?

PERSONAL Independence, or PIP for short, is a benefit for people struggling with a health condition or disability.

This payment goes to those affected, whether they are working or not, and can boost your income as you buy thousands of pounds a year if you qualify.

Whoever gets PIP will get more from April 2022

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Whoever gets PIP will get more from April 2022Credit: Getty – Contributor

Welfare Rates are rising this year to help keep up the cost of living – including PIP.

But many households will still feel pinched because prices are going up more than the amount of benefits will increase.

The government confirmed late last year that benefit rates, including General Credit, will increase by 3.1% in 2022.

The latest inflation figures show Cost of goods and services is growing by 5.4% – the highest level in 30 years.

But you’ll still get more money in April when the new tax year starts and the benefit rate goes up.

This is the amount you will get from PIP.

How much will PIP payments increase in 2022?

Rates for individual independent payments (PIPs) will increase from April this year

PIP provides additional cost-of-living assistance for people with illnesses or disabilities.

There are two elements to PIP: the daily routine if you need help with everyday tasks and the mobility section if you need help getting around.

There are two prices for each part – standard or advanced – depending on how much you need.

Here are the current weekly rates:

  • Standard daily living ingredients: £60
  • Enhanced daily living component: £89.60
  • Standard portable component: £62.55
  • Advanced Mobile Component: £23.70

And here are the new prices for PIP that will be available from April:

  • Standard daily living ingredients: £61.85
  • Enhanced daily living component: £92.40
  • Standard portable component: £64.50
  • Advanced Mobile Component: £24.45

When you request a PIP, you will be evaluated by a medical professional to find out how much help you can get.

Your rate should be regularly reviewed to ensure that you are getting the right support.

You don’t have to do anything to get extra cash, your payments will automatically increase from April onwards.

The first payment you’ll see in the new, higher amount, will depend on your regular PIP payment date.

Payments are usually made every four weeks directly to your bank account and they are tax free.

As well as your personal Standalone Payment, you will also get additional help and benefits, like reducing your council tax.

Who can get PIP and how do I apply?

The PIP is for people aged 16 and over who have not yet reached state pension age.

You must have lived in England, Scotland or Wales for at least two of the last three years and in one of these countries when you apply.

This process is different in Northern Ireland, and there are additional rules if you live abroad or if you are not a UK citizen.

Importantly, you must also have a health condition or disability where you have had difficulty with daily living or walking (or both) for three months and you expect these difficulties to continue. for at least nine months (unless you are terminally ill with less than six months to live).

Difficulties in everyday life may include:

  • prepare or eat food
  • wash
  • shower and use the toilet
  • get dressed and undressed
  • read and communicate
  • manage your medications or treatments
  • make money decisions
  • interact with others

Please also note that you cannot receive PIP and independent payments to the armed forces at the same time.

You can claim a new Personal Independence Payment (PIP) by calling the Department for Work and Pensions (DWP) on 0800 917 2222.

There are also other ways to claim if you find it difficult to use your phone. See Gov.uk for more information.

When you claim, you’ll need the following information:

  • your contact details
  • Date of birth
  • national insurance number
  • Bank or construction organization account number and classification code
  • the name of your doctor or healthcare provider
  • address and phone number,
  • Dates and addresses for any time you are abroad, in a care home or hospital

Others can call for you, but you need to be with them when they call.

You will then be sent a form to fill out, after which you will be invited for an assessment or your health or social care worker will be asked for information.

You will then receive a letter letting you know if your request was successful.

You can read Citizen Advice help prepare for an assessment.

If you applied for PIP and failed You can appeal a decision.

This is Full list of benefits increased this year – and how much more you will get.

Martin Lewis explains how to use the internet for free if you’re on Universal Credit

https://www.thesun.co.uk/money/17371341/pip-benefit-rates-rise-2022-how-much-payments/ Will PIP interest rate go up in 2022 and how much can I get?

JACLYN DIAZ

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