Martin Lewis has explained a key point about the different amounts of the £900 cost of living payment
Martin Lewis has explained a key point about the different amounts of the £900 cost of living payment, which is going to be made to more than eight million people. The Money Saving Expert founder was speaking after the government announced broadly when cash boosts - up to £1,350 - will be handed out over the coming months.
Mr Lewis said this on the dates for the means tested benefits cash: “UPDATE: On the £900 cost of living payment for 8m on means-tested benefits. It’ll come in three instalments. Some were confused as to why the amounts were different - and Mr Lewis revealed that there was a very good reason for this. He said: “PS if you’re wondering why the different amounts. Its so they will be able to pin point which payment you’ve had and which not more easily if there are problems .”
The new £900 cash boost is for over eight million eligible means-tested benefits claimants, including those on Universal Credit, Pension Credit and tax credits, and starts in Spring. The payments will go direct to bank accounts in three instalments over the course of the financial year.
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