Second cost of living payment to start being paid from today

Cost of living: Food bank reveals struggle to keep key items

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According to the Department for Work and Pensions (DWP), around eight million Britons will receive £324 in their bank accounts to help with rising costs. The Government department will start to pay the second instalment from today and claimants will receive their Cost of Living payment by Wednesday, November 23. The DWP added that eligible tax credit claimants will receive their £324 between November 23, and November 30.

The department said there was over one million Working Tax Credit or Child Tax Credit claimants who were to receive the second payment.

The DWP reiterates that the payment will be made automatically to those eligible and there is no need for anyone to apply or do anything to receive it.

Britons eligible for the payments are told to keep an eye on their bank accounts for the payments.

The DWP said the payment reference will be the National Insurance number of the person who receives the benefit.

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The National Insurance number will be followed by the statement: “DWP COL”.

For HMRC recipients, tax credit claimants, the payment reference will be “HMRC COLS”.

According to the DWP, over eight million households across the UK will get the payment which equates to around one in four families.

Work and Pensions Secretary Mel Stride said: “We understand that people are struggling and that is why we’ve consistently acted to ensure millions of low-income families are supported.

“We will continue to act with compassion as we navigate challenging global economic circumstances.

“As part of a wider £37billion package of support, this latest £324 payment will help the most vulnerable people in our society who are worrying about their finances through the winter months.”

Those eligible to receive the second cost of living payment include people on Universal Credit, Income-based Jobseekers Allowance (JSA), Income-related Employment and Support Allowance (ESA), Income Support and Pension Credit.

Claimants must have been claiming and entitled to payment between August 26 and September 25.

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The DWP noted that there was an exception to this rule as some pensioner households may be able to have a new Pension Credit claim backdated.

Pensioners have until December 18 to submit a “valid claim” for Pension Credit which could entitle them to the second cost of living payment.

Chancellor Jeremy Hunt said: “We recognise that families back home are struggling, which is why we’ve taken decisive action to hold down energy bills this winter, and provided hundreds of pounds of cash support for each vulnerable household.

“As part of that support, over 8 million vulnerable households, almost a quarter of families in the UK, will automatically receive a second cost of living payment worth £324 in their bank account from today.

“While we can’t completely protect people from rising prices, my priority at the upcoming Autumn Statement will be to protect the poorest in society as we take the tough decisions necessary to fix our public finances.”

The Government’s support package contained a £400 energy bill discount that is currently being paid in monthly instalments to all domestic energy customers between now and March.

It also included a £150 council tax rebate for households in council tax bands A-D.

As well, the Government gave those claiming a disability benefit such as Disability Living Allowance (DLA), Personal Independence Payment (PIP) or Attendance Allowance, a £150 Disability Cost of Living payment.

The Government has also increased the Winter Fuel Payment by £300 for some pensioner households.

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