When Will I Get Cost Of Living Payment

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The UK government has announced a Cost of Living Payment to help low-income households with the high cost of living. The first payment of £301 is set to be made in spring 2023, followed by £300 in autumn 2023 and £299 in spring 2024, totalling an extra £900. The payments will be made directly to bank accounts in three instalments over the financial year. The payment is separate from the Winter Fuel Payment, which pensioners will receive a £300 payment in winter 2023.

The qualifying period for this payment is between 26 January and 25 February 2023. To be eligible for the Cost of Living Payment, you need to have been entitled to a payment for one of these benefits between 26 January and 25 February 2023, or payment for an assessment period ending between these dates.

Those who qualify for the money solely through tax credits will receive their cost-of-living payment from 2 May. Low-income households, pensioners and some disabled people are entitled to additional cost-of-living funds after the government extended a scheme it launched in 2022.

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The Cost of Living Payment is a new benefit for low-income households in the UK that will start in 2023. The first payment will be £301 and will be made between April 25 and May 17 2023 for most eligible people on DWP benefits, or between May 2 and 9, 2023 for most eligible people on tax credits. The dates for the following payments will be announced later.

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