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Wales Online
Wales Online
Ryan O'Neill

Cost of living payment: exactly how much you'll get and when you'll get it

Millions of people will start receiving extra money into their bank accounts this week as the government addresses soaring living costs. Around eight million people are set to start receiving £326 from July 14, the first instalment of a £650 cost of living package a nnounced last month by the UK government in a bid to help those hardest hit by the ongoing cost of living crisis.

However, due to the number of people receiving the payments, they will be staggered over the course of the month meaning you might not get your money straight away. A second payment of £324 will follow in the autumn, with a date to be confirmed.

Depending on which benefits you claim and other factors such as your income, whether you have a disability or are a pensioner, you will also be entitled to further help. We've taken a look at the latest DWP guidance and broken down exactly what financial support you can get and when you can get it.

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