People who claim Universal Credit are set to see a change next month as they receive the first instalment of a one-off cost of living payment. The £650 payment is being paid in two lump sums to those claiming certain benefits to help with the cost of living crisis.
Chancellor Rishi Sunak announced the move last month as the UK grapples with soaring energy bills, rising food costs and record-breaking prices for petrol and diesel. The first half of £326 will start to land in bank accounts from July 14, with most payments expected to be made by the end of July. The second payment of £324 is expected to be paid to eligible households in the autumn, The Mirror reports .
There’s no need to apply for the payments, as they will be paid automatically in the same way you usually receive your benefit or tax credits. They are not taxable and will not affect the benefits or tax credits you usually receive.
