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Who Is Eligible For Cost Of Living Payment
Cost of Living Payment is a one-time payment that is given to eligible people in the UK. The payment is made to help people with the extra costs that come with winter. The payment is usually made in November or December. The amount of the payment depends on your circumstances.
You are eligible for the first Cost of Living Payment of £301 if you were entitled to a payment (or later found to be entitled to a payment) of income-based JSA, income-related ESA, Income Support, Pension Credit or Universal Credit on any date between 25 September 2022 and 24 September 2023.
The main cost of living payment, worth £650 in total, is for those on income-related benefits and tax credits. The pensioner payment, worth £300, is for everyone who receives the winter fuel payment.
The Cost of Living Adjustment (COLA) is an increase in Social Security benefits to counteract inflation. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Increased payments to more than 7 million SSI beneficiaries will begin on December 30, 2022.
Here are some websites that discuss Who Is Eligible For Cost Of Living Payment:
– [The Guardian](https://www.theguardian.com/society/2022/jul/13/as-the-dwp-starts-handing-out-cost-of-living-payments-who-is-eligible)
– [Money To The Masses](https://moneytothemasses.com/resources/guide/a-complete-guide-to-cost-of-living-payments-are-you-eligible)