Money Wellness
'cost of living' spelt out in wooden blocks
category iconcost of living
calendar icon20 Sep 2023

Dates announced for next £300 cost-of-living payment

The government has announced the dates millions of households across the UK can expect to receive the second of three cost-of-living payments worth a total of £900.

If you’re eligible, the second £300 instalment should land in your bank account between 31 October and 19 November.

Who qualifies for cost-of-living payments?

To be eligible, you must be claiming at least one of the following benefits:

  • pension credit
  • universal credit
  • working tax credit
  • child tax credit
  • income support
  • income-related employment and support allowance
  • income-based jobseekers’ allowance

If you’re expecting the money but it doesn’t arrive, you can report missed payments online.

Beware of scams

The payments will be made automatically, meaning you don’t need to apply.

Beware of emails or texts about cost-of-living payments that claim to be from the Department for Work and Pensions and ask you for personal details. These will almost certainly be scams.

The payment reference on your bank statement will be your national insurance number followed by DWP COL or HMRC COLS.

Extra support for pensioners

If you live in a household with an eligible pensioner, you’ll also get an extra £300 on top of the winter fuel payment later this year.

 

 

 

Avatar of Rebecca Routledge

Rebecca Routledge

A qualified journalist for over 15 years with a background in financial services. Rebecca is Money Wellness’s consumer champion, helping you improve your financial wellbeing by providing information on everything from income maximisation to budgeting and saving tips.

Related posts

cost of living

12 Apr 2024

Rent increases overtake wage growth- many will struggle research finds

Think tank Resolution Foundation has found that average rent prices could rise by 13% in the next three years, which means they’ll outpace the projected average wage growth of 7.5%

cost of living

10 Apr 2024

FCA finds nearly half of UK adults are in a better financial position after seeking financial help

In positive news, the number of people struggling with personal finances has decreased over the last year. People are still struggling though- and if you need debt help, find out what we can help you with.

cost of living

09 Apr 2024

Poor car insurance payouts leaves Which? calling for the FCA to hold firms accountable

Which? is calling for the Financial Conduct Authority (FCA) to take tougher action to hold firms to account when they offer poor payouts to car insurance customers, as their new research finds a third of insurers were rated poorly by claimants when it came to the value of payouts.

cost of living

09 Apr 2024

900,000 children living in poverty in England aren’t eligible for free school meals

900,000 children living in poverty aren't eligible for free school meals as parents call for eligibility to be expanded. If you're struggling with food costs, here's what you can do.