The Department for Work and Pensions (DWP) has confirmed more than eight million low income households will receive £650 in financial aid to help with mounting costs as the price of energy, food and petrol skyrocket.
The payment will be split into two instalments as eligible claimants will receive £326 between July 14 and July 31 with a further £324 due to land in bank accounts in the autumn. People will receive the first payment automatically over the next two weeks.
The government's latest update on the scheme has confirmed the second instalment will follow from the autumn, with separate payments for pensioners and disabled people also coming later this year - as Nottinghamshire Live reports.
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It should be noted that households who are eligible for the tax free payments because they receive tax credits and no other eligible benefits will receive their first instalment from HMRC in the autumn, and the second instalment in the winter.
Chancellor of the Exchequer, Nadhim Zahawi said: "It’s great that millions of the families who are most in need are starting to receive their Cost of Living Payments, which I know will be a massive help for people who are struggling. Alongside tax cuts, changes to Universal Credit and the Household Support Fund, these payments are a vital part of our £37 billion support package to help people deal with rising prices."
What we know
- More than 8 million households on benefits will receive a payment of up to £650 this year, made in two instalments. This includes all households entitled to a payment of the following benefits: Universal Credit, Income-based Jobseekers Allowance, Income-related Employment and Support Allowance, Income Support, Working Tax Credit, Child Tax Credit and Pension Credit.
- The DWP will make the payment in two lump sums
The first instalment of £326 will automatically go into eligible households between now and the end of the month (Sunday, July 31)
- The second payment will go out from the autumn.
- Payments from HMRC for those on tax credits only will follow shortly after each to avoid duplicate payments.
- To be eligible for the first instalment, families must have been entitled to a payment (or later found to be entitled to a payment) of either: Universal Credit for an assessment period that ended in the period 26 April 2022 to 25 May 2022, income-based JSA, income-related ESA, Income Support or Pension Credit for any day in the period 26 April 2022 to 25 May 2022
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