Cost of living payments have been dominating the conversation since they were first announced by former Chancellor, Rishi Sunak in May. The three types of payments, worth more than £37 billion in UK Government support, are aimed at helping households on a low income, people claiming disability benefits and those over State Pension age.
More than 20 million payments are due to be made by the end of the year following the first wave of the £650 means-tested cost of living payment, worth £326, made to more than eight million people in July to those claiming eligible Department for Work and Pensions (DWP) benefits and the start of September to Tax Credits-only claimants.
Around six million people claiming disability benefits also received the £150 one-off payment in September. A further eight million pensioner households are set to receive a £300 one-off payment on top of their annual Winter Fuel Payments over November and December.