When will you receive your cost of living payments?
In the 2022 Autumn Statement, Chancellor Jeremy Hunt unveiled cost of living help for millions across the UK. It was revealed people would receive up to £1,350 directly into their bank accounts, starting from spring of this year.
The cost-of-living payments announced by Mr Hunt include a £900 sum for those on benefits, £300 for pensioners and £150 for those with disabilities. It is unlikely that households will qualify for all three payments. However, if you do, you will automatically be paid the full amount of £1,350.
If you claim pension credit, attendance allowance and are eligible for the winter fuel payment, you will receive the amount in full, directly into your bank account. You do not need to ask for the help – the Department for Work and Pensions (DWP) will get in touch with you.
Eligibility requirements, bank codes to look for on your bank statement and exact dates for the payments will be announced nearer to spring time. All payments are tax-free and do not count toward your benefits cap. This means it will not have an impact on the benefits you receive.
From spring of this year, the first £300 of the £900 cost of living payment was paid directly into claimants’ bank accounts. The payment was split into three instalments. Over eight million people will have received this into their bank accounts.
To be eligible, households must have been claiming at least one of the following benefits:
- Income-based Jobseeker’s Allowance
- Income-related Employment and Support Allowance
- Income Support
- Pension Credit
- Tax Credits (Child Tax Credit and Working Tax Credit)
- Housing Benefit
- Social Fund (Sure Start Maternity Grant, Funeral Payment, Cold Weather Payment)
- Universal Credit
Over six million people with disabilities across the UK will receive a payment of £150 during the warmer months. As of yet, it is unknown what the exact eligibility criteria or date will be. However, the previous £150 cost of living payments were available to those receiving at least one of the following:
- Attendance Allowance
- Constant Attendance Allowance
- Disability Living Allowance for adults
- Disability Living Allowance for children
- Personal Independence Payment
- Adult Disability Payment (in Scotland)
- Child Disability Payment (in Scotland)
- Armed Forces Independence Payment
- War Pension Mobility Supplement
The usual state pension support will also be going out in August. The August Bank Holiday on Monday 28th, however, means those expecting to receive payment on this date can expect it to be paid them a working day earlier – likely Friday 25th August.
This will also apply to those expecting to receive the following in August:
- Universal credit
- State pension
- Pension credit
- Disability living allowance
- Personal independence payment
- Attendance allowance
- Carer’s allowance
- Employment support allowance
- Income support
- Jobseeker’s allowance
As the weather turns chilly again, the second third of the £900 payment will be paid to those eligible. The second chunk is also worth £300. Exact dates to be released in due course.
Across the UK, millions of pensioners will receive another £300 payment. It is still unknown whether households will qualify for this payment if they usually receive the Winter Fuel Payment.
Previously, you qualified for the last Pensioner Cost of Living payment if:
- You were born on or before September 25, 1956
- You lived in the UK for at least one day during the week of 19 to 25 September 2022 in what is known as the “qualifying week”
Next spring – although it seems a lifetime away – the final instalment of the £900 payment will be paid. This will be £299.
Further details for qualifying criteria will be announced nearer the time, according to the DWP.
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