Millions of households claiming income-related benefits from the Department for Work and Pensions (DWP) or HM Revenue and Customs (HMRC) will see a £301 cost of living payment land in their bank account over the next few weeks. DWP payments will arrive between April 25 and May 17 while those on Tax Credits can expect to receive the lump sum between May 2-9.
In total, more than eight million eligible claimants are due the first part of the £900 means-tested cost of living payment with further payments of £300 and £299 set to arrive in the autumn and spring 2024. Payments will appear on accounts as ‘DWP COLP’, along with the claimant’s National Insurance number.
However, guidance issued by DWP on GOV.UK warns people to be on the lookout for scammers asking them to apply for the state-funded support. All the cost of living payments will be made automatically, nobody needs to apply - if you are asked, it’s probably a scam.
