Eight million households should expect to start receiving the first instalment of cost of living payments from the Department of Work and Pensions (DWP) from today. But while it’s commonly thought that all benefit claimants qualify for the cash boost, it’s only a select few that do.
The cost of living payment is to be split into three instalments, and people who receive means-tested benefits and tax credits during specified qualifying periods will be entitled to them.
Those who claim other benefits, such as ones that are contribution-based, will not be receiving the money.
This means people who claim only one of the following benefits will not be getting the cost of living payment today:
READ MORE: Thousands on Universal Credit warned they could lose £370 boost
Claimants must have been entitled to a payment between January 26 and February 25 or received a payment for an assessment period ending between these dates.
People who were claiming Child Tax Credit and Working Tax Credit during the same period would also qualify for the first instalment of the cost of living payment, but this will be paid slightly later between May 2 and May 9, 2023.
The following two cost of living payments will be worth £300 and £299, and these will be distributed to most people in autumn 2023 and spring 2024, respectively.
Some people can qualify for these payments – as well as the disability and pensioner payments. This means some could amass a total of £1,350 in cost of living support this year.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
