Second 2023/24 Cost of Living Payment dates announced
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Millions of households to receive £300 from DWP between 31 October
and 19 November. This is the second of three payments totalling up
to £900 supporting eligible people on means-tested benefits with
the cost of living. Payments make up part of Government’s record
financial support for the most vulnerable worth an average of
£3,300 per household. Tax credits-only customers who do not qualify
for a payment from DWP will receive £300 from HMRC between 10 and
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Millions of households across the UK will receive £300 directly from the Department for Work and Pensions (DWP) between 31 October and 19 November. This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023/24, and eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment. The £300 Cost of Living Payment will be sent out automatically and directly to recipients, meaning those eligible do not need to apply, contact the Government, or take any action to receive it. This includes tax credits-only customers who will receive the payment from HM Revenue and Customs (HMRC) between 10 and 19 November 2023. The payment reference for bank accounts will be the recipient’s National Insurance Number followed by DWP COL or HMRC COLS. Mel Stride, Secretary of State for Work and Pensions, said: “The best way we can boost bank balances is by bearing down on inflation, but as we get there, we are ensuring the most vulnerable households are cushioned from high prices with a further Cost of Living payment. “Alongside this, thousands of Work Coaches across the country are helping find work, increase their hours and boost their skills. I encourage anyone who wants to progress their career and strengthen their finances to visit their local Jobcentre to find out what help is available.” Jeremy Hunt, Chancellor of the Exchequer, added: “Halving inflation and getting price rises under control is the best way to support households struggling with their bills. But it is also right that we are helping the most vulnerable in our society, and this latest Cost of Living payment is part of a package of support worth £3,300 per household on average over this year and last to help those struggling the most." The full list of benefit recipients that qualify for the second Cost of Living Payment are those who are eligible and receive at least one of the following:
To be eligible for the Cost of Living Payment from DWP, you need to have been entitled to a payment for a qualifying benefit between 18 August and 17 September, or payment for an assessment period, ending between these dates. From HMRC, you need to have received a payment of tax credits for any day in the period between 18 August and 17 September. The DWP continues to encourage low-income pensioners not already getting Pension Credit tocheck their eligibility, as – thanks to Pension Credit backdating rules – they could still qualify for both the second Cost of Living Payment as well as the third payment due in Spring 2024. Over eight million pensioner households will also receive a further £300 payment later this year in addition to the Winter Fuel Payment. Ends Notes to Editors
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