Metro

When are the cost of living payments in 2023?

Metro logo Metro 28.05.2023 12:02:20 Natalie Tambini
The first 2023 cost of living payment is rolling out (Picture: Getty Images/iStockphoto)

As the cost of living crisis continues, more much-needed financial help for those on low incomes is incoming.

With energy bills, council tax and water bills all having risen lately - plus the cost of phones and broadband going up - most households are feeling the squeeze.

A raft of new cost of living payments were announced by Chancellor of the Exchequer Jeremy Hunt as part of his Autumn budget, with the first having been rolled out from April 25.

But when should you have received the first payment by, and when can we expect the second?

Here's what you need to know.

The first of three cost of living payments began rolling out on April 25.

Those eligible for the helping hand should have received £301 between April 25 and May 17.

HMRC confirmed that the one million UK families who receive tax credits and no other benefits should have received their first payment between May 2 and May 9.

A second payment of £300 is expected in autumn and a third of £299 in 2024.

This was announced by the Chancellor in his Autumn statement and will apply to more than eight million eligible, means-tested people, according to the Department for Work and Pensions (DWP).

Those eligible will be receiving at least one of the following benefits:

It will be paid direct into bank accounts and there is no need to apply.

The DWP's website states that payments will be means-tested and will be 'up to £900'. The amounts vary slightly to enable to DWP to keep track of payments more easily and reduce fraud.

Though we don't have a firm date set for the second installment, payments are expected to arrive in autumn 2023.

The third payment is then thought to begin arriving in bank accounts in early 2024.

In the meantime, there are other payments expected to provide those most in need a little extra boost.

More than six million disabled people who are in receipt of an 'eligible disability benefit' will receive a one-off payment of £150.

Most people will be paid their £150 Disability Cost of Living Payment automatically between June 20 and July 4.

You must have received a payment (or later receive a payment) of one of these benefits for 1 April 2023 to get the Disability Cost of Living Payment.

Your payment might come later than the dates given above if, for example, you're awarded a qualifying benefit at a later date or you change the account your benefit is paid into.

You will still be paid the Cost of Living Payment automatically.

Any pensioners who were entitled to the Winter Fuel Payment - that's anyone born before September 26, 1956 - will receive an additional amount of £300 per household this winter. That's around eight million people.

Those eligible for this Pensioner Cost of Living Payment should already have received the Winter Fuel Payment. The deadline for claiming it for 2022/3 was March 31, 2023.

The £300 Pensioner Cost of Living Payment will be made during the winter of 2023/4.

All these cost of living payments will be tax-free, will not impact any existing benefits and won't count towards the government's benefit cap.

Follow Metro across our social channels, on Facebook, Twitter and Instagram

Share your views in the comments below

Get your need-to-know latest news, feel-good stories, analysis and more by signing up to Metro's News Updates newsletter

dimanche 28 mai 2023 15:02:20 Categories: Metro

ShareButton
ShareButton
ShareButton
  • RSS

Suomi sisu kantaa
NorpaNet Beta 1.1.0.18818 - Firebird 5.0 LI-V6.3.2.1497

TetraSys Oy.

TetraSys Oy.