Martin Lewis Explains Exact Date of Cost of Living Payment for Millions on Universal Credit and Benefits

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MARTIN Lewis has explained the exact date that millions of people on Universal Credit and benefits will receive the £324 cost of living payment.

As the Cost of life continues to soar, it is vital that households receive all the support to which they are entitled.

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Martin Lewis explains the exact date millions will receive a cost of living payment1 credit

The first installment of the cost of living payment, worth £326, was paid from July, with those on tax credits paid theirs in September.

The next payout, worth £324, will land automatically in your account if you are eligible – so you don’t have to do anything to get help.

In the latest episode of The Martin Lewis Money show on TVIthe MoneySavingExpert founder explained when the direct payment will be made.

He said, “For most people, they [the payments] will be paid between 8 and 23 November.

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“Only people who have a working tax credit or a child tax credit and who do not have any other benefits, they can get it a little later.

“To be eligible, you must claim one of the eligible benefits between August 26 and September 25 and you are due it even if you have not received the first payment.

Cost of living payments are tax exempt, do not count towards benefit ceiling and do not affect the amount you usually receive in benefits.

Payment will come from HMRC.

And retirees are also ready to get a helping hand with a additional one-time payment of £300 during the winter months too.

Martin said: “If there is a state pensioner living in a household between September 19 and 25 – that is the date of eligibility – then £300 will be paid to that household.

“It will be automatic and will be paid in addition to the winter fuel payment.”

The Payment for winter fuel – which is worth between £100 and £300 for the most state pension age.

The extra £300 bonus will be paid in addition to this assistance, which means that some eligible households will see their payments double this winter.

You can check if you are eligible for winter fuel payment in our explanatory.

Who is eligible for the £650 cost of living payment?

The £650 cash increase was announced by the former Chancellor Rishi Sunak as part of a package of measures to help people get through the current crisis.

The first payment of £326 has already been made to the following eligible people:

  • Income-Based Jobseeker’s Allowance
  • Employment and Income Support Benefit
  • Income support
  • Pension credit
  • Universal Credit

Those who benefit from tax credits received the first part of the payment in September.

There are two types of tax credits:

  • Child tax credit
  • Work Tax Credit

Who is eligible for a second piece worth £324?

To be eligible for the second DWP payment, eligible persons not claiming tax credits must have been entitled to a payment (or subsequently be entitled to a payment) from either:

  • Universal Credit for a trial period that ended in the period from August 26, 2022 to September 25, 2022
  • Income-Based JSA, Income-Based ESA, Income Support or Pension Credit for any day from August 26, 2022 to September 25, 2022

For those in receipt of tax credits, you must have been entitled, or later found to be entitled, to a tax credit payment, or an annual award of at least £26, between 26 August and 25 September of this year.

What other help is coming?

There is the £400 energy bill discountwho is there to help you skyrocketing energy bills.

From the beginning of October, households began to benefit from the discount.

A number of energy suppliers, including British Gas, E.ON, EDF and Shell Energy have confirmed how they will pay their customers.

And retirees are also ready to get a helping hand with a additional one-time payment of £300 during the winter months too.

The amount you receive will depend on what you are entitled to and could be more or less than that.

The most needy could up to £1,500 through cost of living support.

A £300 single The “Pensioner Cost of Living Payment” will be paid to eight million pensioner households.

It will be given to those who have already obtained the Payment for winter fuel – which is worth between £100 and £300 for the most state pension age.

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The extra £300 bonus will be paid in addition to this assistance, which means that some eligible households will see their payments double this winter.

You can check if you are eligible for winter fuel payment in our explanatory.

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Elaine R. Knight