- Millions of people will receive the new cost of care from spring 2023, up to £1,200 in support for more than eight million low-income families by 2022
- £900 Cost of Living Allowance for those benefiting will go directly into bank accounts in three payments per financial year.
- Extra cash assistance for disabled people and pensioners will provide some families with extra cash.
Department for Work and Pensions (DWP) today published more information on the timing of payments for the next cycle of cost of living revealed in the Chancellor’s Autumn Statement, based on payments made over and eight million people in 2022.
The new £900 for more than eight million benefit claimants, including those on Universal Credit, Pension Credit and tax credit, from Spring and will go directly to the bank in three payments per fiscal year. There will also be an extra £150 for more than six million disabled people and £300 for more than eight million pensioners on top of their Winter Fuel Payments.
Exact payment windows will be announced closer to the time, but spread over a longer period to ensure a consistent support offer throughout the year. They will be as follows:
- £301 – First Life Payment – in spring 2023
- £150 – Payment Fee – during Summer 2023
- £300 – Second Lifetime Payment – during Autumn 2023
- £300 – Pension Payment – in Winter 2023/4
- £299 – Three Thirds Lifetime Payments – during spring 2024
Work and Pensions Secretary Mel Stride said:
We are sticking to our promise to protect the most vulnerable and these payments, worth hundreds of pounds, will provide vital support over the coming year for those on low incomes.
The public support of the government has already helped more than eight million families as we continue to face the global consequences of Putin’s illegal war and subsequent earthquakes of terror.
Chancellor of the Exchequer Jeremy Hunt added:
I know these are difficult times for families across the UK who are struggling to cope with rising food and energy prices, caused by the earthquakes of Covid and Putin’s war in Ukraine.
That’s why we’re putting an extra £900 into the pockets of more than 8 million low-income families next year. These payments are on top of the increase in labor costs and the Energy Price Guarantee, which protects millions from high gas prices in the world.
Addressing inflation is the priority of this government and is the only way to ease the burden of inflation, promote economic progress and improve conditions. the life of all people.
If each person is eligible it will be paid automatically, and there is no need to apply. Claimants who qualify for any Living Allowance and receive tax credit, and have no other defined benefit, will receive the payment from HMRC not long ago DWP payment is given.
These payments are based on the public support of the Government to help families overcome the increase in the cost of living worldwide caused by the epidemic and the war in Ukraine.
The Government continues to keep energy costs under control, saving the average household around £900 this winter and a further £500 in 2023/24. Benefits, including working age benefits and the State Pension, will also increase in line with inflation from April 2023, ensuring to rise above 10%. April will also see an increase in the National Living Wage, to £10.42 an hour, and another year-long extension of the Household Support Fund in England and funding by the national contributions amounting to £1 billion.
This comes on top of the 2022 support package, which includes:
- The £650 Cost of Living for those on means-tested benefits, split into two payments, each of which is supported more than eight million families.
- The other payments were £300 and £150, which reached more than eight million pensioners and more than six million disabled people.
- There is a £150 Council Tax refund for all households in Council Tax AD.
- There is a £400 discount on electricity for all households, which will continue in March
- For each payment, the exact payment start date and eligibility criteria will be announced by the Ministry before payment starts. HMRC information will be disclosed for credit card customers only.
- All of these payments will be tax-free, will not count towards benefit accruals, and will have no effect on existing compensation.
- More than 8 million families in benefits will receive payments of up to £ 900, made in three amounts. Eligible families will receive one of the following benefits: Universal Credit, Jobseeker’s Allowance, Income-related Allowance and Support Allowance, Income Support, Working Tax Credit, Child Tax Credit and Pension Credit.
- The £900 Cost of Living Allowance will be awarded in three separate installments. The fixed price is based on a specific verification period, so it is easy to know if the payer has received the correct payments, reducing the risk. fraudulent charges by people who claim not to have received one of the three special funds. DWP and HMRC will be able to clearly check their presence.
- Low-income families benefit from government assistance in various ways. You can read more about the cost of Government care and what is available here.
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