Cost of Living payment
Cost of Living payment 2023 to 2024
The Department for Work and Pensions (DWP) has announced more detail on the payment schedule for the next round of cost of living support unveiled in the Chancellor’s Autumn Statement.
The new £900 cash boost for eligible means-tested benefits claimants, including those on Universal Credit, Pension Credit and tax credits, starts in Spring and will go direct to bank accounts in three payments over the course of the financial year. There will also be a separate £150 for disabled people and £300 for pensioners on top of their Winter Fuel Payments.
Exact payment windows will be announced closer to the time, but are spread across a longer period to ensure a consistent support offering throughout the year. They will be broadly as follows:
- £301 – First Cost of Living Payment – during Spring 2023
- £150 – Disability Payment – during Summer 2023
- £300 – Second Cost of Living Payment – during Autumn 2023
- £300 – Pensioner Payment – during Winter 2023/4
- £299 – Third Cost of Living Payment – during Spring 2024
Benefits, including working age benefits and the State Pension, will also rise in line with inflation from April 2023, ensuring they increase by over 10%.
Disability cost of living payment
From 20 June 2023, over 6 million disabled people across the UK are set to receive a £150 Disability Cost of Living Payment.
The one-off payments, issued by the Department for Work and Pensions throughout a two-week window, will help disabled people with the extra costs they face.
It comes as part of a wider package of Cost of Living support worth up to £1,350 to the most vulnerable households, underlining the Government’s commitment to supporting these those most in need.
Pensioner cost of living payment
In the winter months pensioners can get between £100 and £300 to help pay heating bills.
This winter, they will also receive an extra one-off £300 Pensioner Cost of Living Payment, which will be paid as an automatic top-up to the Winter Fuel Payment.
Check if you’re eligible for the Winter Fuel Payment