News on when the first installment of a £900 cost of living payment will start arriving in bank accounts is soon expected from the Department for Work and Pensions (DWP).
After a tough economic winter, many people are struggling with their finances. This payment will be means-tested but it's not yet known exactly when the first instalment of £301 will be paid, or what the qualifying period is.
SomersetLive reports that it will automatically land in the bank accounts of those eligible by the end of Spring. The first wave of financial support is available to people who receive means-tested benefits from the DWP, or those receiving Tax Credits along with another qualifying DWP benefit. Those only in receipt of Tax Credits from HM Revenue and Customs (HMRC) will get the money once the first DWP payment window closes.
