Millions of benefits claimants will be getting a £900 cost of living payment from the Department of Work and Pensions (DWP) throughout this year and next. The DWP has confirmed that the payment will be split into three instalments - with the first payment of £301 to be made in the spring.
The DWP has this week issued an update confirming that more than eight million households will be eligible to receive the money. It comes as legislation setting out the move made its way through Parliament on Tuesday, paving the way for the first payments to be made in the coming months.
An exact date for when the first payment of £301 will hit bank accounts has not yet been confirmed. A second payment of £300 is due in autumn, and a third payment of £299 is expected to be paid during spring 2024. Those who are eligible for the payments include people on Universal Credit, Income Support and Tax Credits.
