When will Universal Credit applicants receive the cost of living payment | Personal finance | Finance

Chancellor Rishi Sunak has announced that eight million Britons on the lowest incomes will receive £1,200 in cost-of-living payments from the government. The first £326 will start landing in people’s bank accounts from July 14, but there’s more to come.

Millions of Britons depend on state benefits, either because they cannot afford to work or because they have low income.

Last month, the Chancellor announced she would receive extra aid to help them pay soaring energy bills.

Many Britons strapped for money on Universal Credit will be eagerly awaiting the first payment they receive on July 14 or shortly thereafter.

However, there is more help to come with the most vulnerable in line to receive £1,200 over the next few months.

READ MORE: Council tax: Millions of people could cut their council tax bill by the hundreds

Separate one-off payments of £300 will be made to pensioner households during the colder months to help cover heating costs.

People on disability benefits will also get an extra £150, as these groups are the most vulnerable to rising prices.

Chancellor Rishi Sunak said: “We have a responsibility to protect those who pay the highest price from rising inflation, and we are stepping in to help.

“In July, more than eight million people will receive their first payment of £326 to help with rising prices, as part of a package worth at least £1,200 for vulnerable families . I said we would be with people when they needed help, and we are.”

Cost-of-living payments aren’t the only financial assistance benefit recipients can apply for.

Millions of Britons who receive Universal Credit, Inheritance Benefits and Pension Credit could claim thousands of pounds in cash.

Nearly one million (850,000) older people are not applying for a pension credit that would entitle them to help with housing costs, a free TV license and money for energy bills.

Universal Credit applicants can also apply for a budget loan worth up to £812, if they are a couple with children.

Universal Credit is a gateway to 30 additional forms of financial support such as:

  • Reduced council tax bills
  • Capped water bills
  • Half price bus
  • Reduced rail fares
  • Free or discounted gym membership
  • Help with new job costs
  • £140 Warm Home rebate scheme on fuel bills
  • £25 in cold weather payments
  • Free or cheap broadband from TalkTalk, Virgin Media and BT
  • Cheap BT phone calls
  • Free prescriptions for people with no or low income
  • Free dental care
  • Eye tests and discount glasses
  • Free school transport
  • Free school meals
  • Reduced childcare costs
  • £150 for school uniforms – depending on local authority
  • £1,200 free money as part of the Government Savings Aid Scheme
  • Food stamps for children under the Healthy Start program
  • Maternity benefit up to £1,000
  • Disabled Facilities Grant (up to £30,000) to make modifications to a home
  • Homeowners can claim up to £10,000 to pay for a boiler
  • Homeowners can get help paying for double glazing under the Green Homes Scheme
  • Up to £300 in winter fuel payments
  • Free wigs or cloth support provided by the NHS
  • Free health travel expenses
  • Assistance with housing costs
  • Help with funeral expenses
  • Bereavement support benefits
  • Reduced court costs.

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Elaine R. Knight