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Hard-up pensioners are currently being given a £300 cost of living payment â here’s what we know about how this new one will work.
Who is eligible?
The current Pensioner Cost of Living payment is being given to all pensioners who normally get the Winter Fuel Payment.
This means you qualify if:
you were born on or before September 25, 1956
you lived in the UK for at least one day during the week of 19 to 25 September 2022 in what is known as the “qualifying week”;
Again, exact eligibility dates have not been confirmed by the DWP for the new £300 payment, but details will be revealed soon.
When will it be paid?
Payments will be dished out in the 2023/24 financial year â after April next year.
For the current £300 round of help, payments are being dished out this month and next â with the DWP expecting to hand out all payments by January 13, 2023.
It means that if the new £300 payment will work the same way, you could expect the help to land in your account from November next year.
However, the DWP hasn’t confirmed this and exact payment timings will be revealed at a later point.
Like the £900 cost of living help, this payment will be tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards.
The first payment was dished out from September this year â here’s what we know about how the latest payment will work.
Who is eligible?
You need to receive one of the following to be eligible:
Disability Living Allowance
Personal Independence Payment
Attendance Allowance
Scottish Disability Benefits
Armed Forces Independence Payment
Constant Attendance Allowance
War Pension Mobility Supplement
The criteria for receiving the second payment hasn’t been announced yet.
For the last payment, claimants must have received, or begun an eventually successful claim for one of these benefits, as of May 25 this year to be eligible for the £150 payment.
When will it be paid?
Payments will be dished out in the 2023/24 financial year â after April next year.
Exact payment dates will be revealed soon.
Like the other cost of living help, the payment is tax-free, and will not have any impact on existing benefit awards.
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