Millions of people will receive the Government’s extra cost of living payment later this year. The £900 payment is given to those claiming certain benefits directly into their bank account.
The payments, paid in three instalments throughout the year, will be given to people on low-income benefits. Extra payments will also be made to pensioners and those with disabilities.
The first payment of £301 is expected to be paid in Spring 2023. The DWP has yet to confirm the exact date, but some experts, including Martin Lewis, suggest that it will be shortly after April 6 in line with the beginning of the new tax year.
Read more: Tips to prepare for DWP PIP assessments carried out over the phone, in-person or on video
Those who qualify for the payment include those on universal credit, pension credit and tax credits. However, it was recently revealed that those on contribution-based employment and support allowance (ESA) will not be eligible.
When will the next cost of living payment be paid?
The next instalment, due in Spring 2023, should be expected in April though this is not yet confirmed. Those on qualifying means-tested low-income benefits will be sent the money directly to their bank account.
How much is each of the cost of living payments?
The first payment of £301 will be paid in April. It will be followed by £300 in autumn 2023 and the final instalment of £299 in Spring 2024, totalling an extra £900.
Pensioners will be given a £300 payment in winter 2023 to bolster their winter fuel payment. While those with disabilities who are in receipt of an eligible disability benefit will be paid an extra £150.
Which benefits qualify?
Universal Credit
Income-based Jobseekers Allowance
Income-related Employment and Support Allowance
Income Support,
Working Tax Credit
Child Tax Credit
Pension Credit
Read more:
Tumble dryer 'mistakes' to avoid to stop energy bills from soaring, according to experts
McVitie's cutting pack size of Digestives, Club and Penguin bars in 'shrinkflation' move
Thousands more parents eligible for DWP payments after change in criteria from today
Tips to prepare for DWP PIP assessments carried out over the phone, in-person or on video