When is the second cost of living payment due?
Millions of Britons eligible for a one-time £650 government grant under former Chancellor Rishi Sunak’s plans to tackle spiraling living costs are now receiving their first installment of cash.
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 and universal credit.
According to the Department for Work and Pensions (DWP), the first installment of £326 began flowing into accounts from Thursday 14th July and will continue to go out until Sunday 31st, with up to £8.4million low-income families who should eventually take delivery.
Officials have warned, however, that delays are possible and that in-work tax credit recipients will receive their first and second installments a little later, in the fall and winter respectively.
The DWP has since confirmed the Majority will receive their second £324 installment in ‘autumn 2022’ as homeowners begin to crank up their radiators when the weather turns – and just as the energy price cap is set to again increase dramatically – although no more specific date has yet been given.
Mr Sunak’s successor in Issue 11, Nadhim Zahawi, said: “I know people are finding it difficult with rising prices and increasing pressure on household budgets. This is why we are taking action to control inflation and provide immediate assistance to households.
“It is so important that over 7million vulnerable households have received £326 in direct payments so far and that there is also more help to come, with 8million of the most vulnerable households receiving £1,200 direct assistance to pay their bills during the winter.”
If you are not eligible for the above cost of living payments, 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 soaring while 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, by how much.