The rising cost of living has left many UK residents struggling to make ends meet, prompting the government to introduce financial support through the Department for Work and Pensions (DWP). Among these measures, the Cost of Living Payment has provided critical relief to those facing increased expenses for essentials like housing, utilities, and groceries. The final instalment for the 2023/24 financial year, a £299 payment, was part of a broader effort to support vulnerable individuals and families during challenging economic times.
Payment Schedule
The DWP structured the Cost of Living Payments to be disbursed in phases throughout the 2023/24 fiscal year, targeting key periods to offer timely relief. Below is the breakdown of payment amounts, eligible benefits, and payment dates:
| Amount | Eligible Benefits | Payment Dates |
|---|---|---|
| £301 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | 25 April to 17 May 2023 |
| £301 | Tax credits only (no other low-income benefit) | 2 May to 9 May 2023 |
| £300 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | 31 October to 19 November 2023 |
| £300 | Tax credits only (no other low-income benefit) | 10 November to 19 November 2023 |
| £299 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | 6 February to 22 February 2024 |
| £299 | Tax credits only (no other low-income benefit) | 16 February to 22 February 2024 |
These payments were automatically sent to eligible individuals, eliminating the need for applications and minimizing administrative hurdles.
Eligibility
To qualify for the £299 Cost of Living Payment, individuals must have received (or been eligible for) at least one of the following benefits for any day between 13 November and 12 December 2023:
- Universal Credit (unless subject to a ‘nil award’)
- Income-based Jobseeker’s Allowance (JSA)
- Income-related Employment and Support Allowance (ESA)
- Income Support
- Pension Credit
- Child Tax Credits
- Working Tax Credits
Eligibility was determined automatically based on benefit records, ensuring that the support reached those most in need.
Missing Payments
For those who did not receive their expected payment, the DWP provided an online form available on the Gov.uk website to report missing payments. Individuals were required to submit personal details, including:
- Full name
- Date of birth
- National Insurance number
The DWP typically processed these inquiries within two weeks, offering a straightforward way for eligible individuals to resolve issues quickly.
Future Support
As of the latest update, no additional Cost of Living Payments are planned beyond February 2024. However, beginning in April 2024, benefit rates such as Universal Credit will increase by 6.7%, providing some ongoing financial relief.
While the current Cost of Living Payment scheme is ending, the government’s adjustment to benefit rates is a welcomed step toward easing the financial burden on low-income households.
FAQs
Who is eligible for the £299 payment?
Those receiving benefits like Universal Credit or Pension Credit.
Do I need to apply for the Cost of Living Payment?
No, payments are made automatically to eligible recipients.
When is the final payment scheduled?
Between 6 February and 22 February 2024.
How can I report a missing payment?
Use the online form on the Gov.uk website to report missing payments.
Will there be additional Cost of Living Payments in 2024?
No further payments are scheduled, but benefits will increase in April 2024.
