Thousands of households will receive a second Cost of Living Payment directly from the Department for Work and Pensions (DWP) in the coming weeks.
- Thousands of households across Wales to receive £300 from DWP between 31st October and 19th November
- This is the second of three payments totalling up to £900 supporting eligible people on means-tested benefits with the cost of living
- Payments make up part of UK Government’s record financial support for the most vulnerable worth an average of £3,300 per household
- Tax credits-only customers who do not qualify for a payment from DWP will receive £300 from HMRC between 10th and 19th November
This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023/24, and eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
The £300 Cost of Living Payment will be sent out automatically and directly to recipients, meaning those eligible do not need to apply, contact the UK Government, or take any action to receive it. This includes tax credits-only customers who will receive the payment from HM Revenue and Customs (HMRC) between 10th and 19th November.
The payment reference for bank accounts will be the recipient’s National Insurance Number followed by DWP COL or HMRC COLS.
Welsh Secretary, David TC Davies, said: “The UK Government is doing all we can to help people in Wales with the cost of living. We are working to bring down inflation which will benefit everyone. But in the meantime, the most vulnerable households in Wales will receive £300 directly into their bank accounts in the coming weeks.
“This is part of a package of measures that the UK Government has in place to support those who are most in need.”
The full list of benefit recipients that qualify for the second Cost of Living Payment is those who are eligible and receive at least one of the following:
- Universal Credit
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
To be eligible for the Cost of Living Payment from DWP, you need to have been entitled to a payment for a qualifying benefit between 18th August 2023 and 17th September 2023, or payment for an assessment period, ending between these dates. From HMRC, you need to have received a payment of tax credits for any day in the period between 18th August 2023 and 17th September 2023.
The DWP continues to encourage low-income pensioners not already getting Pension Credit to check their eligibility, as they could still qualify for both the second Cost of Living Payment as well as the third payment due in Spring 2024.
Over eight million pensioner households will also receive a further £300 payment later this year in addition to the Winter Fuel Payment.
A third Cost of Living Payment of £299 is set to arrive sometime in early 2024. The exact dates are pending a further announcement from the UK Government.
Other items to read:
- Cowbridge’s Three Fields are saved after ‘incredible’ support
- Well-wishers raise funds for Barry businesswoman
- Fontygary man’s concern over unsafe beach steps
- Barry Bake Off students make a huge difference
- Officers swoop to seize illegal products in morning raid
⭐ All of our social media in one handy place – here
Former Barry office building transformed into vital new homes
Prolific thief banned from entering shops in Barry
I’m proud that all parties agreed on children in care plan
WHEN you elected me in May, I said I had come to listen and to…
Royal Welsh highlights the role of the rural economy
Parent may have to lose job for school run
Double victory for Pencoed cricketers
