Cost of Living Payments from Spring 2023 – Low income households

The Department for Work and Pensions (DWP) has announced more detail on the payment schedule for the next round of cost of living support.

The cash for 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.

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

See: Millions of low-income households to get new Cost of Living Payments from Spring 2023 – GOV.UK (www.gov.uk)