If you are living in UK then you might have multiple questions over cost of living payment 2023 and about its eligibility details, all these details are covered in this article.
Millions Between April 25 and May 17. 17 millions of households across the UK will receive a £301 payment from the Department for Work and Pensions (DWP) between Pensions.
It is the first of three payments, payments totaling up to £900, 900 for those eligible and on means-tested benefits, such as universal credit or pension credit, in 2023/24. benefits. There will also be further payments worth £150 for eligible people with disabilities and £300 for pensioners elderly people due later this year, meaning some people will receive up to £1,350 1,350 in direct payments.
Beware of Scammers in Cost of living payment 2023
Scammers may use cost-of-living Cost-of-living payments as a fresh opportunity can be used by purporting to represent government organizations. scammers to try and trick people into handing over their banking details or money, money. However, the The £301 payment will be sent out automatically and directly to recipients – recipients, meaning that those eligible do don’t need to apply or do anything to receive it.
The payment reference for bank accounts will be “DWP COLP”, along with the claimant’s national insurance number.
Mel Stride, Secretary of State for Work and Pensions, said: “These payments will give a financial boost to more than 8 million households as we continue to wrap our arms around the most vulnerable, while the best way we can protect people from high costs is to halve inflation by the end of this year.”
“Not only are we providing £900 in Grammica direct cash payments to millions of the most vulnerable households, but we’ve also extended the energy price guarantee to hold bills down until energy prices fall, raised the national living wage to £10.42, abolished the prepayment meter premium, and delivered a plan that will more than halve inflation this year – ensuring everyone’s incomes go further,” said Chancellor Jeremy Hunt.
In spring, just over 8 million homes in the UK will get the £301 payout.
Anyone receiving income-based jobseeker’s allowance, income-related employment and support allowance, income support, working tax credit, and child tax credit will also be eligible for the forthcoming cost-of-living payment.
In general, someone must have been entitled to a payment of a qualifying benefit during a specific duration to be eligible for the new £301 cost-of-living payment.
If someone had an assessment period ending between January 26 and February 25 2023 that resulted in an entitlement to money under universal credit, they will also be eligible to the £301 cost-of-living payment.
Those receiving other DWP means-tested benefits should have received a payment between January 26 and February 25 2023 to be eligible for the £301 cost-of-living payment.
The DWP also encourages low-income pensioners who are not currently receiving pension credit to verify their eligibility, as they may still be eligible for the £301 cost-of-living payment if they apply for backdated pension credit by May 19.
Households on low incomes are also advised to contact their local council to check whether assistance for critical food and energy expenditures is available through the household support fund.
Individuals who are only eligible for the £301 cost-of-living payment through tax credits and are not eligible for DWP means-tested benefits will be paid by HM Revenue and Customs (HMRC) soon after DWP payments begin.
Additional information regarding cost-of-living allowances can be found at gov.uk/guidance/cost-of-living-allowances-2023-2024.
Also read: 5 Online Jobs in 2023 You Can Work From Home to Earn $10,000 Per Month (Or More)
