When cost of living payments will land in bank accounts this year
The government's £900 Cost of Living payments will soon be arriving into the bank accounts of millions of Brits who are on means-tested benefits. Up until this point, it was not clear exactly when these payments would land, but the Department for Work and Pensions has now provided more details about when people can expect them.
Now, those eight million on means-tested benefits - such as Universal Credit - will receive more support from this spring. The various payments will be paid out throughout the year, with the first landing in just a few months.Meanwhile, a separate £150 will be made available for over six million people living with disabilities, as well as £300 for over eight million pensioners on top of their Winter Fuel Payments, the MEN reports.
Chancellor of the Exchequer, Jeremy Hunt said: "I know these are tough times for families across the UK who are struggling to meet rising food and energy costs, driven by the aftershocks of Covid and Putin’s war in Ukraine. That’s why we’re putting a further £900 into the pockets of over 8 million low income households next year.
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