Millions of households across the UK will receive a £300 cost of living support payment from the Department for Work and Pensions (DWP) from next month.
The latest payment will be the second of three payments throughout 2023 and into 2024 totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit or Tax Credits. DWP will pay more than seven million households, and HMRC will follow with around 830,000 more, taking the total number of households eligible for the autumn cost of living payment to around eight million, the Government confirmed.
Who will get the £300 cost of living payment?
To receive the latest cost of living payment from HMRC, you need to have received a payment of Tax Credits for any day between August 18 and September 17. To be eligible for the £300 payment from DWP, you need to have been entitled to a payment for a qualifying benefit between August 18 and September 17, or a payment for an assessment period, ending between these dates.
Qualifying benefits for the cost of living payment are listed by DWP as the following:
- Universal Credit
- Income-based Jobseeker’s Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit