Martin Lewis has given the exact dates that he thinks the next round of cost of living payments will be paid, in a post made to Twitter earlier this week.
There are set to be three payments making up the total £900 sum to be paid, and will come in instalments of £301, £300 and £299 respectively.
The Department for Work and Pensions earlier this week also confirmed that eligible parties will receive the first two payments over the Spring and Autumn - while the last lump should arrive by Spring 2024.
Read more: Martin Lewis' MoneySavingExpert urges people to check if they are overpaying for NHS prescriptions
The Mirror reports that the financial guru shared in a Tweet that he believed the payment dates would likely fall after April 6 2023, in October or November of 2023, and before the tax year ends in April 2024. In his tweet to his 21million followers, Martin penned: "UPDATE: On the £900 cost of living payment for 8m on means-tested benefits.
"It'll come in three instalments:
"- £301 'Spring' 23 (as its for the next tax year, it'll be after 6 April)
"- £300 'Autumn' 23 (I'd guess Oct/Nov)
"- £299 'Spring' 24 (I'd guess before tax year ends on 6 April)."
In a follow-up Tweet, Martin explained why the Government is paying the £900 payment at different amounts, rather than paying the same each time. He added: "PS if you're wondering why the different amounts. It so they will be able to pinpoint which payment you've had and which not more easily if there are problems (which is actually quite clever)."
The cost of living payments will go to about eight million people who claim means-tested benefits. There will also be a separate £150 for over six million disabled people and £300 for more than eight million pensioners on top of their normal Winter Fuel Payments.
Martin also highlighted this in his thread and also noted that pensioners claiming Pension Credit would also receive the full £900 payment alongside their £300 uplift. The consumer champion faced some angst from a few of his followers as he shared updates about the cost of living payments which forced Martin to have to address the frustrations in another follow-up tweet.
He said: "Many replying 'why no help for people who work, just those who do nothing'. Actually 40%ish of those on Universal Credit are working - means-tested benefits include in-work benefits.
"A decent chunk of the rest have illness, disabilities or are carers. It's not binary."
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