When is the first cost of living payment of £326 due?
Millions of Britons eligible for a one-time £650 government grant under former Chancellor Rishi Sunak’s plans to tackle the spiraling cost of living crisis are set to receive their first installment of money within next days.
The money is made available to recipients of means-tested public benefits, such as Child Tax Credit, Income-Based Jobseeker’s Allowance, Employment and Support Allowance income-related, income support, pension credit, universal credit and working tax credit.
According to the Department for Work and Pensions, the first tranche of £326 will be paid into the first accounts from Thursday July 14, although its officials have warned that all 8.4 million eligible low-income households will not receive it not on this date. , and that those who receive either form of tax credit will get theirs later this year.
They also warned that delays are possible.
The second installment of £324 is due out in the autumn as owners begin to crank up their radiators when the weather turns.
If you are not eligible for the cost of living payment above, the government has put in place a number of other programs to help Britons through the economic crisis, which continues to squeeze national budgets as the price of consumer goods, electricity and fuel are rising as record inflation threatens to lower living standards.
People on any type of disability benefit, from Disability Living Allowance to Wartime Mobility Supplement, will receive £150 in September to help with living costs.
Every home in England, Scotland and Wales will receive a £400 rebate which will be automatically applied to their energy bills, starting in October and spread over six months, while pensioners who depend on fuel payments d’hiver will receive an extra £300 to ensure they don’t have to choose between heating and eating.
The household support fund, initially only scheduled to operate from October 2021 to March 2022, has also been extended until March 2023, with the government granting local authorities an additional £1.5billion to be distributed over 18 months to residents whom they judge to be the most comfortable. need financial assistance.
The precise amount individuals receive may vary from household to household, depending on their circumstances, as the calculation is at the discretion of councils, although £200 is the overall rate.
The application process begins with your local council’s website, which you can find here by entering your postcode.
Search ‘household support funds’ on your local authority’s website for details of how funds are allocated and distributed in your area to see if you are eligible for a grant and, if so, how much.