HOUSEHOLDS are being advised they could save money by renewing their TV Licence early to avoid next month’s price rise.

The cost of a colour licence will rise by £3.50 to £150.50 on Sunday, April 1, and the cost of a black and white licence will go up by £1 to £50.50.

Some households can save £3.50 by renewing before the end of March.

The Licence fee is going up in line with inflation each year from 2017, and last year was the first price rise since 2010.

It works out at £12.54 a month, or £2.89 a week, and pays for all BBC services including various award-winning programmes.

Matthew Thompson, spokesperson for TV Licensing, said: “We know people are always looking for ways to make their money go further, which is why we are reminding people to renew their TV Licence before the end of the month.”

There are multiple different ways to pay your TV License. It can be done online, via Direct Debit in monthly instalments, over the counter at thousands of PayPoint outlets, over the phone, and by post.

The maximum penalty for watching television and not having a TV Licence is £1,000.