Money Wellness
An illustration of a countdown clock showing 7 days left
category iconcost of living
calendar icon30 Jan 2024

One week countdown to the final cost-of-living payment: everything you need to know

Across the UK, roughly eight million households on tax credits and certain benefits are due to start receiving the final part of their £900 cost-of-living payment in just seven days. 

Am I eligible for the cost-of-living payment? 

If you were entitled to any of the benefits listed below between 13 November and 12 December 2023, then you’re eligible for the cost-of-living payment:

  • child tax credit
  • working tax credit
  • income support
  • income-based jobseeker's allowance
  • income related employment and support allowance
  • pension credit
  • universal credit (unless your universal credit was reduced to £0 for the entire period between 13 November 2023 to 12 December 2023) 

When will I get my cost-of-living payment? 

Benefits you get

When you’ll get your cost-of-living payment

Any of the benefits below (with or without tax credits):

  • income-based jobseeker’s allowance
    universal credit
  • income support
  • income-related employment and support allowance
  • pension credit
  • universal credit

Between 6 and 22 February

Child or working tax credit ONLY

Between 16 and 22 February

How will I be paid? 

If you’re eligible, you’ll be paid automatically in the same way you usually get your benefit or tax credits.

Can you get pension credit?

If you were of state pension age between 13 November 2023 and 12 December 2023, you might be eligible for pension credit. If you are, this means you’ll also be able to get the third cost-of-living payment.

But make sure you apply for pension credit by 5 March and ask for it to be backdated.  

If your claim is approved, you'll get the £299 cost-of-living payment automatically. 

If you don’t get your cost-of-living payment

If you’re eligible but haven’t received the final cost-of-living payment by 23 February, you can report it here.

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.

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