The Department for Work and Pensions (DWP) has confirmed the payment date for the first portion of the £650 cost of living payment.
As part of measures intended to help ease burden of the cost of living crisis, around 8 million households across the UK who claim certain benefits will receive the payment in two batches over the coming months.
Today, the UK Government department announced that the first payment of £326 will be automatically paid into bank account starting July 14.
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These payments will continue through until the end of July, followed by the second payment sometime in the autumn.
According to the DWP, the eligibility date for the second instalment will be announced soon.
The two payments are part of £37 billion of support that is being provided to boost budgets and mitigate the worst of the cost of living crisis.
Other support includes a separate £300 payment for pensioners, a £150 payment for disabled people, and a £400 energy discount for all households to help with bills.
Work and Pensions Secretary Thérèse Coffey said: "With millions of the lowest-income households soon seeing the first of two cash instalments land into their bank accounts, we are taking action to directly help families with the cost of living.
"This one-off payment totalling £650 is part of our £37 billion cost of living support package that will put an extra £1,200 into the pockets of those most in need."
UK Chancellor of the Exchequer Rishi Sunak added: "We have a responsibility to protect those who are paying the highest price for rising inflation, and we are stepping up to help.
"In July over 8 million people will get their first £326 payment to help with rising prices, as part of a package worth at least £1,200 for vulnerable families. I said we would stand by people when they needed help, and we are."
Who is eligible for the £650 cost of living payment?
People claiming any of the following benefits will receive the two payments:
- Universal Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
