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Daily Mirror
Daily Mirror
Business
Levi Winchester

Exact code to spot when £150 cost of living payment hits bank accounts

Millions of households have started to receive the £150 disability cost of living payment from today.

The cash is being sent directly to bank accounts between June 20 and July 4, 2023 for those claiming certain disability benefits.

If you're eligible for the money, it will appear in your bank statement with the code DWP COL along with your National Insurance number.

Not everyone will receive the cost of living payment today, so keep an eye on your bank account over the next few weeks.

The list of qualifying benefits for the disability payment are:

  • Disability Living Allowance
  • Personal Independence Payment
  • Attendance Allowance
  • Scottish Disability Benefits (Adult Disability Payment and Child Disability Payment)
  • Armed Forces Independence Payment
  • Constant Attendance Allowance
  • War Pension Mobility Supplement

You need to have been claiming one of these benefits on April 1, 2023.

You may still be entitled if you are later found to have been eligible for a qualifying benefit on this date.

The £150 disability cost of living payment is being awarded automatically - so you don't need to apply for it.

It also won't affect any other benefits you have and is non-taxable.

I'm not eligible for the £150 disability payment - what other help is coming?

More than eight million people on means-tested benefits have started to receive a £900 cost of living payment.

The money is being split into three instalments, with the first part - worth £301 - having already been issued to the majority of eligible households.

No date has been set yet for when the last two parts - worth £300 and £299 - will start to hit bank accounts.

You have to be claiming the following benefits to get the £900 cost of living payment:

  • Universal Credit
  • Income-based Jobseekers Allowance
  • Income-related Employment and Support Allowance
  • Income Support
  • Pension Credit
  • Working Tax Credit
  • Child Tax Credit

There will also be a £300 pensioner cost of living payment to all eligible households that get a Winter Fuel Payment.

This will be on top of the usual Winter Fuel Payment, which is worth up to £300 depending on your circumstances - meaning some households will get up to £600.

Again, no set date has been announced - but Winter Fuel Payments usually start being sent out from November.

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