The Department for Work and Pensions (DWP) is still in the process of handing out the various cost of living payments which are reserved for vulnerable people.
The UK economy has been forced to contend with skyrocketing energy bills and rising inflation over the last two years.
While Consumer Price Index (CPI) inflation and energy costs are not currently as high as they once were, households are still struggling with the cost of living.
As it stands, the CPI rate of inflation for the 12 months to July 2023 is sitting at 6.8 percent which is well above the Bank of England’s desired target.
In light of this, the Government has launched various cost of living payments to assist those financially who are most in need.
Don’t miss… Fixed energy deals trap warning as bill payers may get better deal if they wait
What cost of living payments are available?
A total of up to £1,350 in cost of living support is available to DWP benefit claimants and other vulnerable groups.
This includes a £900 payment for individuals on means-tested benefits which is separated in three installments and delivered throughout the year.
Among the qualifying DWP benefits for this cost of payment are Universal Credit, Pension Credit and other tax credits.
Furthermore, eight million pensioners are entitled to an additional £300 later this year and Britons with disabilities should have started to receive a £150 payment earlier this summer.
When are the cost of living payment dates?
Some of these payments have already been delivered to recipients but millions are still waiting for cost of living support to come in.
Notably, the first part of the £900 cost of living payment has been delivered by the DWP, as well as the disability support.
Here is a breakdown of the previous dates for when these cost of living payments were administered:
- Cost of living payment – £301 –issued between April 25 and May 17 (or May 2-9 for people on tax credits but no other low-income benefits)
- Disability payment – £150 – issued from June 20.
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Here is a breakdown of the timetable for the cost of living payment which has yet to be issued by the DWP:
- Second cost of living payment – £300 – autumn 2023
- Pensioner payment – £300 – winter 2023/24
- Third cost of living payment – £299 – spring 2024.
While no exact dates for these pending payments have been revealed, the DWP has confirmed a rough idea as to when these will be handed out.
This means that many DWP benefit payments will be awarded an extra £300 sometime this autumn.
Source: Read Full Article