The date when people will start receiving the second cost of living payment from the Department for Work and Pensions (DWP) has been revealed.
The UK Government department announced on Monday that those who are eligible for the cash boost will receive their money starting November 8. According to the DWP, the majority of claimants will be transferred the payment by November 23.
More than 8 million households across Scotland and the UK are due to receive the payment. The first instalment was £326 while the second will be £324, bringing the total to £650.
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The second payment will automatically be paid into the bank accounts of those eligible in England, Scotland, Wales and Northern Ireland who receive a qualifying benefit, meaning they will not need to do anything to receive the money.
The cost of living payment is available to those who claim certain qualifying benefits from the DWP or those who receive tax credits from HMRC. The full list of benefits is as follows:
- Universal Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
To be eligible for the second payment, families must have been entitled to a payment (or later found to be entitled to a payment) of either:
- Universal Credit for an assessment period that ended in the period 26 August to 25 September
- Income-based JSA, income-related ESA, Income Support or Pension Credit for any day in the period 26 August 2022 to 25 September 2022
Tax credit-only customers, who will receive the second payment shortly after DWP payments, must have received a payment, or an annual award of at least £26, of tax credits for any day in the period 26 August 2022 to 25 September 2022, or later found to be entitled to tax credits for this period.
Work and Pensions Secretary Chloe Smith said: "Millions of families will soon see a £324 cash boost as part of our extensive £1,200 support package, helping to raise incomes and manage the rising cost of living.
"We understand that people are struggling which is why and we’re committed to supporting the most vulnerable households. That’s also why we are focused on driving growth and delivering quality public services so we can continue to support those in need through these challenging times while boosting opportunity for all."
Chancellor of the Exchequer Kwasi Kwarteng added: "We know that people have been worried about their bills ahead of this winter, which is why we’ve taken decisive action to hold down energy bills, saving the average household around £1,000 a year, and provided £1,200 of targeted support to the most vulnerable.
"Without our intervention, analysts were predicting that the average annual energy bill could have reached £6,500 next year. We were never going to let this happen.
"Our Growth Plan will also leave more money in people’s pockets and, over the longer term, help drive economic growth – the only way to permanently boost everyone’s living standards."
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