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Households ought to begin to obtain the third £299 cost-of-living payment from immediately.
It is the third of as much as three funds totalling as much as £900 paid to eligible households on means-tested advantages over 2023/24 and comes as half of a assist bundle that has been serving to households since autumn 2021.
Payments might be made throughout the UK by the Department for Work and Pensions (DWP) between February 6 and 22.
Benefit reforms have pushed many individuals into low-wage jobs, the IFS stated (Dominic Lipinski/PA)
(PA Wire)
Households receiving tax credit solely will obtain funds from HM Revenue and Customs (HMRC) between February 16 and 22.
The funds might be despatched out robotically and recipients don’t want to use to obtain them.
Mel Stride, Secretary of State for Work and Pensions, stated: “The economy has turned a corner, and with inflation falling we are providing millions of the most vulnerable households with another significant cash boost.”
Who receives the cost of living payment?
You could also be entitled to as much as 3 Cost of Living Payments of £301, £300 and £299 when you get any of the following advantages or tax credit on sure dates:
- income-related Employment and Support Allowance (ESA)
- Income Support
- Pension Credit
- Universal Credit
- Child Tax Credit
- Working Tax Credit
The payment might be made individually out of your profit funds.
The UK Government stated it is going to proceed to assist weak folks with the cost of living from April by uprating advantages in keeping with inflation by 6.7% and sustaining the triple lock and growing the state pension by 8.5%, amongst different measures.
People can examine the Help for Households web site to see what cost-of-living schemes can be found.
According to figures launched by the Insolvency Service final week, the quantity of folks needing respiration house from their money owed jumped by 25% in 2023 in contrast with the earlier yr.
Across England and Wales, there have been 88,390 registered respiration areas in 2023, comprising 86,928 normal and 1,462 psychological well being respiration house registrations, the Insolvency Service stated.
Mel Stride, Secretary of State for Work and Pensions
(PA)
A typical respiration house is accessible to folks with drawback debt and provides authorized protections from creditor motion for as much as 60 days.
A psychological well being disaster respiration house is accessible to somebody who’s receiving psychological well being disaster therapy.
It lasts so long as the individual’s psychological well being disaster therapy, plus 30 days.
What to do when you haven’t acquired your cost of living payment:
If you had been anticipating one of the following Cost of Living Payments however haven’t acquired it, you possibly can report it as lacking right here.
- £301 paid between 25 April 2023 and 17 May 2023 for most individuals
- £300 paid between 31 October and 19 November 2023 for most individuals
- £150 Disability Cost of Living Payment paid between 20 June 2023 and 4 July 2023 for most individuals
Before reporting a lacking payment, examine your financial institution, constructing society or credit score union account, or your Payment Exception Service voucher receipt. The payment might be made individually out of your profit.
What different winter advantages are there?
There are three key assist schemes obtainable to folks as chilly climate hits in the winter months:
Cold Weather Payments
A chilly snap at the begin of the yr noticed many postcodes qualify for the Cold Weather Payment. If you reside in an space that has skilled seven or extra days of temperatures at or beneath zero, you might be eligible for £25 for each seven days of chilly. In Scotland, this scheme was just lately changed with the Winter Heating Payment.
Warm Home Discount
If you might be on a low-income and have excessive power prices, you may get a one-off £150 payment to assist along with your payments. You will even qualify when you get the Guarantee Credit ingredient of Pension Credit. The low cost must be utilized to your power payments between October 2023 and March 2024. The scheme works barely in a different way for Scottish candidates.
You ought to obtain a letter in January 2024 when you is likely to be eligible. If you don’t, it is best to contact the DWP earlier than 29 February 2024.
Winter Fuel Payment
You will robotically qualify for this if you’re over the state pension age (66 years outdated) and reside in the UK. The low cost grants you between £250 and £600 to assist pay your heating payments. You don’t want to use when you presently obtain a state pension, or most different advantages. If you don’t, you could want to use.
The low cost cash ought to have robotically entered your account in October or November.
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