Cost-of-living payment

Millions of UK Households to Receive £299 Cost-of-Living Payments

Learn about the recent cost-of-living payment scheme in the UK benefiting millions of households.

In recent news, over eight million UK households are set to receive a £299 cost-of-living payment as part of a support initiative for those on means-tested benefits. This payment, the third in a series of up to three instalments totalling up to £900, is aimed at assisting eligible households cope with the rising cost of living. The distribution of these payments is scheduled over 2023/24 to provide financial relief to those facing economic challenges.

The Department for Work and Pensions (DWP) has confirmed the final £299 cost-of-living payment to be disbursed to households meeting the eligibility criteria, including recipients of Income Support, Pension Credit, and Universal Credit. Qualifying individuals who have been paid or are eligible for these benefits are entitled to the £299 payment, demonstrating the government's commitment to supporting vulnerable households during these challenging times.

Additionally, nearly 20,000 households in Aberdeenshire are among those slated to receive the final cost-of-living payment, contributing to the widespread relief effort aimed at alleviating financial burdens. The distribution of these payments, totaling up to £900, aims to provide much-needed assistance to families facing financial constraints and economic uncertainties.

Moreover, DWP benefit claimants and individuals receiving HMRC tax credits will benefit from the £299 cost-of-living payment starting today, marking a significant step in the government's efforts to address the escalating cost of living. This initiative underscores the importance of supporting those in need and ensuring that vulnerable households receive the necessary assistance to navigate the economic challenges of the current times.