Now we know when the DWP’s £301 cost of living payment will arrive

Last Updated: March 27, 2023By Tags: , , , , , , , , ,

The Department for Work and Pensions has (at last!) announced when it will pay the first instalment of its £900 cost of living payment.

Here’s the Mirror with the juice:

The Department for Work and Pensions (DWP) has confirmed £301 will be sent to eligible households between April 25 and May 17 .

This is the first of three DWP cost of living payments set to be issued to help with rising bills, totalling up to £900.

In order to receive the money next month, you must be claiming one of the following means-tested benefits during the qualifying period.

The benefits are:

  • Universal Credit

  • Income-based Jobseekers Allowance

  • Income-related Employment and Support Allowance

  • Income Support

  • Pension Credit

You need to have been entitled to a payment between January 26 and February 25 to receive the £301, or received a payment for an assessment period ending between these dates.

Low-income pensioners not already getting Pension Credit can still qualify for the £301 if they backdate a Pension Credit application by May 19.

Those who receive just Working Tax Credit or Child Tax Credit – so no DWP benefits – are also eligible for the £301.

However, HMRC will pay this first instalment at a later date, which has yet to be confirmed.

Dates for the second and third instalment of the £900 cost of living payments – set to be worth £300 and £299 – have also yet to be announced.

The second payment is due to be sent in summer 2023, while the third payment will be sent in spring 2024.

All the cost of living payments will be tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards.

So now we know.

Source: DWP confirms exact date when £301 cost of living payment will start to hit bank accounts

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  1. Debbie Wiles March 27, 2023 at 1:42 am - Reply

    The link is to the wrong article.

    The second payment is Autumn 2023. The Summer 2023 payment is £150 for those on PIP.

  2. Lynn Dye March 27, 2023 at 9:18 am - Reply

    Thanks for this information, Mike. I wonder about pension credit though, as there are 2 types, guaranteed or savings credit. Somehow I’m thinking this payment will only go to the former.

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