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Tv Licence Bill

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emmie | 15:15 Thu 16th Nov 2017 | Business & Finance
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is it easy to set up paying for tv licence by direct debit, monthly or even weekly, hadn't looked into this before. so want to know if its a complicated process, where do i start. ?
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No. Sort it out at least 6 months before your licence expires - that way your monthly payments will be smaller as you have to pay 6 months in advance so speak to them in January.
15:32 Thu 16th Nov 2017
Easy peasy
Very easy ^ But the ONLY way to spread the cost that does not cost extra is the way I do it quarterly payments.
Website here
http://www.tvlicensing.co.uk/pay-for-your-tv-licence/ways-to-pay/direct-debit?WT.mc_id=r035
If you pay quarterly you pay an extra £1.25 per quarter - and extra £5
Pay monthly and it doesn't cost any extra
Question Author
i have a licence that is valid from august 2017 to august 2018, should i simply sort it out when my licence is due to expire.
No. Sort it out at least 6 months before your licence expires - that way your monthly payments will be smaller as you have to pay 6 months in advance so speak to them in January.
Question Author
hc
thanks, will do.
Yes Eddie you are paying an extra £5 per year.

I currently pay £12.37 per month for mine but paid £12.12. for the first six months. At some stage (usually in December) they will take an extra 6p, making £147 in total. The TVL people (like many government agencies) seem to have a very strange way of collecting the sum due by monthly direct debit. It seems you pay for six months up front and six months in arrears (or rather, as you use the licence). I never really got to the bottom of it because the total always works out OK. Quite why they cannot simply take £12.25 per month is beyond me. I suppose it’s for the same reason that the State Pension people (unlike just about everybody else in the known universe) make their payments every four weeks instead of every calendar month.
The state pension is calculated on a weekly basis. Paying monthly means that you would lose out in months with less than 31 days.
Then multiply the weekly sum by 52 and divide the answer by 12. It ain't that hard!
but if you died part way thru a month, you might have an extra days' pension you are not entitled to
Question Author
bednobs

charming thought...
I get my SP weekly in advance.
"but if you died part way thru a month, you might have an extra days' pension you are not entitled to"

No you wouldn't because it's paid in arrears. However, if you died (say) 10 days before the payment was made and the Pensions people were not told in time to stop the payment, your executors would have to pay back 10 days' pension. This would apply whether the payments were made every four weeks or every calendar month.

Almost everybody's bills these days are calendar monthly. Those relying solely on a State Pension must find it very difficult to manage their affairs when the date of their bills and the date of their pension payment can be up to two weeks apart.
"I get my SP weekly in advance."

That is no longer an option for people taking their pension now.
For my TV licence I am currently paying £12.12 pm which equates to £145.44 pa. The cost of a yearly licence is £147, so I am paying less.
Not surprised they've stopped it NJ. It was kept pretty quiet that you could draw it weekly as they didn't really want you to do it as it costs them. A financial advisor told me about it.
"For my TV licence I am currently paying £12.12 pm which equates to £145.44 pa. The cost of a yearly licence is £147, so I am paying less."

Yes I'm currently paying £12.12 as well, jd. But you need to examine your payments over a year because the TVL people work in mysterious ways.
Indeed so NJ - they had the extra 25p off me this month - quite banjaxed my spreadsheet ...

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