When is the second cost of living payment? Date of CoL £324 grant for Universal Credit and tax credits
While it is regardless of how you qualify to receive the grantyour eligibility criteria affect when you will receive the next payment – here’s everything you need to know.
When is the second cost of living payment for Universal Credit?
The second installment rollout is divided into two phaseswith Universal Credit applicants in the first group to receive it (you can check if you are eligible on the government website here).
On Monday, October 3, the Department for Work and Pensions (DWP) updated his advicesrevealing that the second payment will arrive between Tuesday 8 and Wednesday 23 November 2022 for the majority of applicants.
This includes people on Universal Credit and other low-income benefits such as Income Support and Pension Credit, with the government saying eight million households are eligible.
The DWP says it will “make a small number of payments on November 8, with the number increasing significantly from November 9.”
This initial rollout covers applicants who receive:
- Universal Credit
- Income-Based JSA
- Income-related AES
- Income support
- Pension credit
For these groups, the first installment of £650 began automatically landing in bank accounts from Thursday July 14 From.
When is the second cost of living payment for tax credits?
Those eligible only for the tax credits must wait a little later to receive the second installment, as they did the first time.
These applicants began receiving the first grant between Friday September 2 and Wednesday September 7, approximately seven weeks after the initial rollout. However, there is a shorter time interval this time around.
The government has indicated that the second payment will arrive between Wednesday 23 and Wednesday 30 November for people benefiting from tax credits.
Applicants who receive both HMRC tax credits and DWP low-income benefits will only be included in the initial rollout of the second payment.
Do I have to request payment of the cost of living?
If you are eligible for payment, you don’t need to apply – the £650 will be automatically submitted to you and should appear in your bank account with the code “DWP COL” or similar.
The grant is tax-free for all eligible groups, does not affect the benefit cap, and will not affect existing benefit allocations.
When the first payment installment has started rolling outthe The government has published a breakdown the number of people in each region of the UK who would receive it:
- London: 1,224,000, 15% of applicants
- Southwest: 580,000, 7% applicants
- Southeast: 846,000, 10% of applicants
- East: 627,000, 8% of applicants
- West Midlands: 792,000, 10% of applicants
- East Midlands: 551,000, 7% of claimants
- North West: 1,048,000, 13% of applicants
- Northeast: 397,000, 5% of applicants
- Yorkshire and Humber: 722,000, 9% of claimants
- Wales: 426,000, 5% of claimants
- Scotland: 689,000, 8% of applicants
- Northern Ireland: 309,000, 4% of applicants
Means-tested benefits are granted based on your income and capital – if someone can demonstrate that their income and capital are below a certain level, they are eligible.
What are the other cost of living payments?
A £400 off on energy bills is be paid to consumers in six monthly installments during the winter – from October – with subsidies administered by energy providers.
The discount will break down into installments of £66 in October and November, rising to £67 per month from December to March 2023.
It should be provided monthly, whether people pay their bills monthly or quarterly or have a payment card associated with it.
Holders of a domestic electricity metering point who make payments by payment cardsstandard credit and direct debit will receive an automatic deduction on invoices.
People who use prepaid meters and recharge their credit before consuming energy will receive coupons the first week of each month.
People born on or before September 25, 1956 could be eligible for aid of £250-600 to help pay heating bills this year, known as “winter fuel payment”.
This includes the pensioner cost of living payment, which is only in place for the winter of 2022 to 2023, and will be between £150 and £300.
The government says: “Most payments are made automatically in November or December. You should be paid by January 13, 2023. Check your account in November and December to make sure you’ve been paid.
You should receive the payment automatically and you don’t need to apply for it as long as you are in receipt of either the state pension or another social security benefit (you can see the all eligibility criteria here).