Nearly 1.4 million pensioner households are set to receive a £301 cost of living payment from next week as part of the £900 means-tested support package to be delivered over 2023/24. More than 127,000 people on Pension Credit living in Scotland will automatically receive the money from the Department for Work and Pensions (DWP) directly into their bank account between April 25 and May 17, 2023.
For the 1,384,000 people over State Pension age claiming the benefit to qualify for the first lump sum of £301, they need to have been entitled to a payment - or later found to be eligible - on any day during the qualifying period between January 26, 2023 and February 25, 2023.
Guidance on GOV.UK explains that you are also eligible if you are entitled to Pension Credit for any day during this period but you do not receive a benefit payment because your entitlement is between 1 penny and 9 pence. Payments will appear on accounts as ‘DWP COLP’, along with the claimant’s National Insurance number.
