The Department for Work and Pensions has confirmed the exact date millions of people will receive a £300 cost of living payment. Those who are eligible for the payment should note that they can expect it between October 31 and November 19.
There is a different payment date for those claiming HMRC Tax Credits only, reports WalesOnline. They can expect their payment between November 10 and November 19. To be eligible for the cost of living payment, you need to have been entitled to a payment for a qualifying benefit between August 18 and September 17.
This is the same for both DWP and HMRC benefit claimants, reports The Mirror. It has been stressed that the payments will be sent out automatically and directly to recipients, meaning those eligible do not need to apply or take any action to receive it.
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The payment will be paid into the bank account where people would normally receive their benefits. Their National Insurance Number followed by "DWP COL" or "HMRC COLSD" is the reference they should see in their accounts. The forthcoming payment is the second of three being dished out by the government.
The three cost-of-living payments, totalling £900, are being paid throughout 2023 and 2024 with a third payment of £299 expected to land into bank accounts in the spring. You have to claiming one of the following means-tested benefits to be eligible:
- Tax Credits (Child Tax Credit and Working Tax Credit)
- Universal Credit
- Income Support
- Pension Credit
- Child Tax Credit
- Income-related Employment and Support Allowance
- Income-based Jobseeker’s Allowance
- Working Tax Credit
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