Netflix is raising UK prices again - how to cut the cost of your subscriptions

Netflix is raising UK prices again - how to cut the cost of your subscriptions Netflix is now charging £7.99 a month for its cheapest standard plan, with adverts – up from £5.99 a month Netflix has raised the prices of its UK subscriptions again - but you can still save money now. Netflix is now charging £7.99 a month for its cheapest standard plan, with adverts – up from £5.99 a month. The advert-free standard plan has increased from £12.99 a month to £13.99 a month. The premium plan – which lets people stream on extra devices and add more members – has gone up from £18.99 a month to £20.99 a month. The cost of adding an extra member to a subscription plan has also risen from £4.99 month to £5.99 a month. The new pricing is already in place for new customers, while existing customers will be given one month’s notice of the changes by email. A spokesperson from Netflix said: “We know members have never had more choices in entertainment, and we’re committed to delivering an experience that meets and exceeds their expectations.” How to cut the cost of your subscriptions Netflix isn't the only streaming giant to have raised prices. Disney+ increased its subscription costs last September, while Amazon Video introduced new fees to view ad-free in 2024. If you are looking to save money, start by going through your most recent bank statements and do an audit of all the subscription services you are signed up for. The average person has around three subscriptions and spends approximately £500 per year on them. But if you have subscriptions that you are no longer using, you can save money by cancelling them. If you are in your trial period, you can cancel and you won't be charged. Or if you are within a cooling off period, you should be able to cancel your membership. Amazon Prime gives you a 14-day cooling off period, though Netflix does not. Disney+ lets annual subscribers cancel within 15 days of a renewal to get a refund. If you pay monthly for a subscription service, you can normally cancel the service without incurring any fee. You should normally also be able to keep using it until your current paid month ends. If you paid for the year upfront, whether you get a refund for the remaining months depends on the terms and conditions of your subscription and when you cancel. For example, with Amazon Prime, you can get a refund if you have not used any benefits of your membership. If you only used Amazon Prime for delivery, you might get a partial refund. “If the new price doesn’t feel worth it, you can downgrade or cancel penalty-free at any time – dropping from standard to the ad-supported plan now saves £6 a month, or £72 a year, if you can live with the adverts.“