Brits have been eagerly awaiting news of the date that the second cost of living payment will start to drop into bank accounts. Following some confusion about when the money will be paid, the Department for Work and Pensions (DWP) has now confirmed its stance.
The cost of living payment is due to certain claimants of benefits or tax credits, such as, but not limited to, Universal Credit, income-based Jobseeker’s Allowance (JSA), Income Support, Pension Credit and Child Tax Credit. The amount is designed to help with the cost of living crisis.
If you're eligible, the money will be automatically paid in the same way the recipients would receive their benefits or tax credits. The payment arrives in two parts with the first Low Income Cost of Living Payment of £326 paid to most eligible people in September.
