From today until 17th May, millions of households across the UK will be receiving the £301 first round of Cost-of-Living payments.
Following the initial £650 payment received by more than eight million people last year, the Government are providing a further £900 split across three instalments to those that qualify, to help with the rising cost of living.
To qualify for the Cost-of-Living payments, you’ll need to be receiving benefit payments between 26th January and 25th February 2023, for one of the following:
- Universal Credit
- Pension Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
If any of these apply to you, you don’t need to do anything – the money will be paid directly into your bank account with a payment reference of ‘DWP COLP’.
There will be additional payments of £150 for those with a registered disability and £300 for pensioners later in the year.
There are calls for low-income pensioners that don’t already receive Pension Credit to check if they’re able to. If they are and they apply for Pension Credit by 19th May, they may be eligible for the first Cost of Living payment.
Timetable of payments
Exact dates will be announced nearer the time, but these are the current windows the Government has provided for further payments:
26th April – 17th May
First Cost of Living Payment – £301
Disability Payment – £150
Second Cost of Living Payment – £300
Pensioner Payment – £300
Third Cost of Living Payment – £299
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