, starts in Spring and will go direct to bank accounts in three payments over the course of the financial year.
Exact payment windows will be announced closer to the time but are spread across a longer period to ensure a consistent support offering throughout the year. They will be broadly as follows:Second cost of living payment - £300 – Autumn 2023If individuals are eligible, they will be paid automatically, and there will be no need to apply.
Claimants who are eligible for any of the Cost-of-Living Payments and receive tax credits, and no other means-tested benefits, will receive payment from HMRC shortly afterChancellor of the Exchequer, Jeremy Hunt added: “I know these are tough times for families across the UK who are struggling to meet rising“That’s why we’re putting a further £900 into the pockets of over 8 million low-income households next year.
“These payments are on top of above inflation increases to working-age benefits and the Energy Price Guarantee, which is insulating millions from even higher global gas prices. “Tackling inflation is this government’s number one priority and is the only way to ease the strain of high prices, drive long term economic growth and improve living standards for everyone.”