Some 99 per cent of eligible households have already received the £300 payment.
The Department for Work and Pensions has announced that some 7.5 million cost of living payments worth £300 have been made since October 31, which means that 99 per cent of those eligible for the lump sum have already received it directly into their bank account. However, for the one per cent still waiting, there’s no need to worry as payments will continue until November 19, 2023.
The payment is tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards. Top Money Stories Today Commenting on the payments made so far, Secretary of State for Work and Pensions Mel Stride MP, 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.
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