Details of the Department for Work and Pensions (DWP) cost of living payments for the 2023-24 financial year have been announced with more than eight million households across the UK eligible for the support. The £900 handout, which will be split into three payments, will start from from spring this year.
The payment was announced by chancellor Jeremy Hunt in his autumn statement in November and will be given to around eight million people on means-tested benefits including those on universal credit, pension credit, and tax credits. The first payment of £301 will be made in spring 2023 followed by a second of £300 in the autumn 2003 and a final instalment of £299 in spring 2024. There will also be a separate £150 payment for more than six million people with disabilities in summer 2023 and £300 for more than eight million pensioners in winter 2023-24.
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