The Department for Work and Pensions revealed more than seven million payments have been made now
The Department for Work and Pensions has issued an update on the payouts of the £300 cost of living payment. The cash which is intended to help the neediest households in the UK is currently going out to those who are eligible.
The payment is the second of up to three Cost of Living Payments being made this financial year with them all being tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards. Mel Stride, Secretary of State for Work and Pensions, said: “Getting this vital money to over 7 million people across the UK in just eight days shows our determination to give people greater financial security as we work to halve inflation, bring costs down, and boost people’s bank balances.
The Cost of Living Payments, spread across 2023/24, are worth up to £900 for those on means-tested benefits. The first payment was made in April and May of this year, with the next one to come by Spring 2024.
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