Millions of Brits will get a £900 cost-of-living payment starting next month – are you eligible?
Eight million eligible Brits will receive the first of three cost-of living payments next month, the Department of Work and Pensions (DWP) has confirmed.
The money will be paid directly into the bank accounts of means-tested low-income families in three separate payments with the first due to land between 25th April and 17th May.
The measures are designed to help people with the soaring costs of living, which is continuing to rise.
Who is eligible?
To qualify for this £900 payment, you must have been receiving means-tested benefits between 26th January and 25th February 2024. These include:
- Universal Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
What are you entitled to?
- First payment of £301 will be made between 25th April and 17th May
- A second payment of £300 will be made in the Autumn
- And a final instalment will be paid in the spring of 2024
The DWP has said that people on tax credits only will receive their payment from HRMC after the DWP payments have begun. Those receiving the £301 payment from DWP will see it appear in their bank account as ‘DWP COLP’ accompanied by their National Insurance (NI) number.
These payments follow the £650 cost-of-living payment made in 2022. They are in addition to the ones that will be made available to pensioners and those with disabilities later this year, where more than six million people will receive a £150 disability cost-of-living payment. Pensioners will also be entitled to a £150 or £300 cost-of-living-payment from November 2023.
Are you sure you’re getting the benefits you’re entitled to? It can be a complicated process. We can do a free benefits check to make sure you’re not missing out on help that you’re entitled to. One in three people we help find that they get more money than they’re currently claiming. Get in touch if you’d like us to help.
Caroline has worked in financial communications for more than 10 years, writing content on subjects such as pensions, mortgages, loans and credit cards, as well as stockbroking and investment advice.
27 Feb 2024
21% of people claiming legacy benefits have had their payments stopped because they’ve failed to move to complete the migration process to universal credit
20 Feb 2024
Nearly 400,000 carers had to leave their jobs to become carers for older or disabled family members in 2021-22. Find out what help's available if you're a carer.
24 Jan 2024
Find out what help’s available if your benefits aren’t covering the essentials.
22 Jan 2024
As many as half a million parents who stayed at home to look after their children could have missed out on vital state pension credits