By now, millions of people eligible for the Government's first instalment of the cost-of-living payment should have received their money. The Department for Work and Pensions' (DWP) began rolling out its £301 payments to millions of households on means-tested benefits in late April, with all payments due to be paid by May 17.
It is part of a combined financial support package worth £900 being handed out between now and next spring as the government aims to alleviate the cost of living crisis for those hardest hit. Many have faced spiralling costs over the last year with energy prices, supermarket bills and food inflation all rising.
Eight million eligible means-tested benefits claimants, including people on universal credit, pension credit, and tax credits, will receive the payment which will be being made in three direct payments to their banks from the DWP. However, it’s important to note that only successful applicants will receive the cost of living payment along with pension credit arrears. The most recent figures from DWP suggest that an estimated 850,000 eligible pensioners could be missing out on the additional financial support. You can get more story updates straight to your inbox by subscribing to our newsletters here.
