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when will cost of living be paid ?

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when will cost of living be paid ?

**Understanding the £900 Cost of Living Payment: What You Need to Know**

**Introduction**

In recent years, the cost of living has surged, placing significant strain on many households. To alleviate this pressure, the UK government has introduced a £900 cost of living payment, designed to support those on means-tested benefits. This blog post will guide you through the details of this payment, including its structure, eligibility criteria, payment schedule, and additional support available.

**Payment Structure**

The £900 cost of living payment is distributed in three instalments:
1. **First Instalment:** £301 in spring 2023.
2. **Second Instalment:** £300 in autumn 2023.
3. **Third Instalment:** £299 in spring 2024.

This structured approach aims to provide ongoing support throughout the year.

**Eligibility Criteria**

The payment is available to individuals and households receiving certain means-tested benefits, including:
– Universal Credit
– Employment and Support Allowance (ESA)
– Pension Credit
– Income Support
– Child Tax Credit (for those with an income below £16,000)

Eligibility is determined based on your circumstances as of a specific date, ensuring that those most in need receive this support.

**When Will Payments Be Made?**

– **Spring 2023:** The first instalment of £301 will be distributed starting in March 2023, with payments continuing through June.
– **Autumn 2023:** The second instalment of £300 will be issued in the autumn, providing crucial support during the colder months.
– **Spring 2024:** The final instalment of £299 will be sent in spring 2024, offering continued assistance.

**Additional Support: Pensioner Payment**

Pensioners also receive a separate cost of living payment of £150 to £300 during the winter of 2022-2023. This additional support is automatically granted to those eligible for the winter fuel payment, ensuring they receive the necessary help during the colder months.

**How to Check Eligibility**

If you’re unsure whether you qualify for the cost of living payment, you can:
– Visit the official government website for eligibility criteria.
– Contact the Department for Work and Pensions (DWP) for personalized advice.

**Conclusion**

The £900 cost of living payment is a vital support mechanism for those facing financial challenges due to rising costs. By understanding the payment structure, eligibility, and schedule, you can better prepare for these payments and manage your finances effectively. Stay informed and reach out to the DWP if you have questions or concerns about your eligibility or payment status.

      

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