In a bid to ease the ongoing cost of living crisis, the UK government introduced a range of measures to help households battling rising energy prices, increasing cost of food and climbing inflation.
One of those measures includes the one off £650 Cost of Living Payment, which aims to help the most vulnerable households in the country.
With millions receiving the first instalment of the payment back in July, when can we expect the second payment to be due?
This is what you need to know.
When is the next Cost of Living Payment due?
The government has officially confirmed that from Tuesday 8 November, almost one in four families across the UK will recieve the second Cost of Living Payment. The payment will automatically be paid into the bank accounts of those eligible in England, Scotland, Wales and Northern Ireland who receive a qualifying benefit, meaning they will not need to do anything to receive the money.
This is the schedule that the Government has laid out for the payment, based on the benefits or tax credits you receive:
- Universal Credit: first payment of £326 between 14 and 31 July for most people, second payment of £324 between 8 and 23 November 2022 for most people
- Income-based Job Seekers Allowance: first payment of £326 between 14 and 31 July for most people, second payment of £324 between 8 and 23 November 2022 for most people
- Income-related Employment and Support Allowance: first payment of £326 between 14 and 31 July for most people, second payment of £324 between 8 and 23 November 2022 for most people
- Income Support: first payment of £326 between 14 and 31 July for most people, second payment of £324 between 8 and 23 November 2022 for most people
- Pension Credit: first payment of £326 between 14 and 31 July for most people, second payment of £324 between 8 and 23 November 2022 for most people
- Tax Credits: £326 in September 2022 for most people, second payment of £324 between 23 and 30 November 2022 for most people
Work and Pensions Secretary, Mel Stride said: “We understand that people are struggling and that is why we’ve consistently acted to ensure millions of low-income families are supported. We will continue to act with compassion as we navigate challenging global economic circumstances.
“As part of a wider £37 billion package of support, this latest £324 payment will help the most vulnerable people in our society who are worrying about their finances through the winter months.”
Why haven’t I received my first payment yet?
The government had said that there may be reasons why your payment might come later - for example, if you are awarded a qualifying benefit at a later date or you change the account your benefit or tax credits are paid into.
It states that you will still be paid the Cost of Living Payment automatically and that you don’t need to contact the DWP or HMRC.
Another reason you may not have gotten the payment yet is because you’re still waiting for a decision on your benefit application or appeal - if you’re eligible, you’ll get the Cost of Living Payment automatically at a later date.
Also, if you get Tax Credits, you won’t receive your first Cost of Living Payment until September 2022.
If you think you should have had the £326 payment, but cannot see it in your bank, building society or credit union account, you can report a missing payment.
To do so, just head over to the Government website to begin the online form. Before you start, you’ll need your National Insurance number.
Who is eligible for the payment?
The Cost of Living Payment will be paid to those already claiming certain benefits or tax credits.
You may be eligible for the £650 payment paid in two lump sums if you get payments of any of the following:
- Universal Credit
- Income-based Jobseeker’s Allowance
- Income-related Employment and Support Allowance
- Income Support
- Pension Credit
- Child Tax Credit
- Working Tax Credit
Note that you won’t get a payment if you receive New Style Employment and SUpport Allowance, contributory Employment and Support Allowance, or New Style Jobseeker’s Allowance, unless you get Universal Credit.
If you have a joint claim with a partner, you will get one payment of £326 and one payment of £324 for your joint claim if you’re entitled to the payment.
You may get a lump sum payment of £150 if you’re getting any of the following:
- Attendance Allowance
- Constant Attendance Allowance
- Disability Living Allowance for adults
- Disability Living Allowance for children
- Personal Independence Payment
- Adult Disability Payment (in Scotland)
- Child Disability Payment (in Scotland)
- Armed Forces Independence Payment
- War Pension Mobility Supplement
You’ll receive the payment from September 2022 - payments will be made to people who get a qualifying disability from DWP before payments to people who get a qualifying benefit from the Ministry of Defence.
To find out more information about the specifics of who is eligible for the payment, visit the Government website.