Millions of households are set to receive a £301 cost of living payment from today as part of the UK Government’s £900 support package for those on means-tested benefits. The Department for Work and Pensions (DWP) will make payments to some 7.2million households across Great Britain, including 686,000 in Scotland, between April 25 and May 17, 2023.
More than four million payments are expected to be received by families qualifying due to an entitlement to Universal Credit and just under 1.4 million pensioner households can expect the money to land automatically in their bank account at some point during the payment window. Payments will appear on accounts as ‘DWP COLP’, along with the claimant’s National Insurance number.
The remainder of families will qualify due to entitlement to legacy DWP benefits such as Income-based Jobseeker’s Allowance (JSA), Income-related Employment and Support Allowance (ESA) and Income Support. A further 890,000 people on Tax Credits-only will receive the money between May 2 and 9, directly from HM Revenue and Customs (HMRC).
