The Department of Work and Pensions has announced that the first 2023 Cost of Living Payment is due to hit bank accounts between April 25 and May 17, 2023. It will provide financial relief to eligible individuals and families to help ease the burden of rising everyday expenses such as food, utilities, and transportation.
The first £301 payment is part of a £900 payment which will be made in three instalments and will provide some relief to those who are struggling to make ends meet, says Sinead Campbell, Head of Money, Debt and Quality at Advice NI.
She explained: "This payment will provide support to those who are most vulnerable in facing the harsh reality of rising living costs and financial insecurity. It will help in tackling large energy bills for these given months and allow individuals and families to access basis necessities.”
