Key money dates for July 2025

Staying on top of important financial dates can help you manage your budget more effectively and avoid any surprises.

Here's what to watch for in July.

1 July – energy price cap changes

Every three months, energy regulator Ofgem reviews and sets a cap on how much energy suppliers can charge for energy.

From 1 July to 30 September 2025, the price cap for a typical household who use electricity and gas and pays by direct debit will go down by 7% to £1,720 per year. This will reduce their energy bills by £11 a month.

However, this figure is still 10% (£152) a year higher than the price cap for the same period last year. From 1 July to 30 September 2024, it was £1,568 a year.

31 July – self-employed ‘payment on account’ deadline 

If you’re self-employed, you’ll need to make your second 'payment on account' by 31 July for the 2024/2025 tax year.

'Payments on account' are payments towards your next tax bill, which help spread the cost across the year.

If you expect to owe less tax than the previous year, you can apply to reduce your payment.

Visit the government website for more details on managing your self-assessment tax bill.

Benefit payments

With no bank holidays, benefit payments will be made as usual in July.

These include:

• universal credit
• state pension
• pension credit
• child benefit
• disability living allowance
• personal independence payment (PIP)
• attendance allowance
• carer’s allowance
• employment support allowance
• income support
• jobseeker’s allowance

For more information on how and when state benefits are paid, visit the government’s website.

If you’re not sure what benefits you might be entitled to, use our benefits calculator to check.

Pension payment dates

The basic state pension is paid straight into bank accounts similar to how benefits are paid. It is typically paid every four weeks.

The day of the week you receive your payment depends on the last two digits of your national insurance (NI) number.

Here’s when you should be paid based on those numbers:

• 00 to 19: Monday
• 20 to 39: Tuesday
• 40 to 59: Wednesday
• 60 to 79: Thursday
• 80 to 99: Friday

Keeping track of these dates can help you plan ahead, manage your expenses and stay in control of your finances.