The Department for Work and Pensions (DWP) recently confirmed the payment schedule for the £26 billion 2023/24 cost of living support which is worth up to £1,350 for those on a low-income, people claiming disability benefits and pensioner households. The next round of support is expected to help millions of families across the country through the ongoing financial crisis.
The DWP also confirmed that the new £900 cash support for over eight million claimants will be made in three instalments - two this year and one in 2024. People on qualifying income-related benefits including Universal Credit, Pension Credit and Tax Credits will receive the first payment of £301 automatically this Spring, so there's no need to apply.
No exact payment windows have been announced yet or qualifying periods, DWP legislation states this is to prevent fraud and will be confirmed once those dates have passed. DWP has also explained that the £900 payment will be made up of three slightly different amounts (£301, £300, £299), relating to specific qualifying periods, making it simpler to determine if someone has received the correct payments.
