The cost of a standard colour TV licence will rise to £150.50 from 1 April - an increase of £3.50.

A black and white licence will also increase in cost by £1 to £50.50.

There will be no change to the free over 75 TV licence, and if you are blind (severely sight impaired), you will still be able to apply for a 50% concession so your colour licence will cost £75.25, which is an increase of £1.75.

Those buying or renewing a licence after 1 April will pay the new fee. Anyone who has already started paying for their licence before 1 April - such as by monthly direct debit or weekly cash payments - will continue to make payments totalling £147 until their licence comes up for renewal.

If your TV licence expires in March, it's especially important to renew before 1 April, so you don't pay the increased cost. If you're getting a new licence, you should also do this before 1 April to ensure you pay the lower amount.

Not sure if you need a TV licence? See 20+ TV licence tips.

Martin Lewis
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