16 October, Wednesday, 2024
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HomeSourcesexpress.co.ukMillions claim £324 cost of living payment

Millions claim £324 cost of living payment

This offering is part of the Government wider £650 cost of living payment for those on means-tested benefit payments from the Department for Work and Pensions (DWP). The first £326 of this initiative was rolled out earlier this summer but now families have started to get the remaining £324. According to the DWP, £2.3billion has been paid out to over 99 percent of eligible claimants across the UK since the beginning of the rollout last Tuesday.A further one million households in receipt of tax credits will start getting their £324 cost of living payment next week between November 23 and November 30.Anyone who has not yet claimed their payment should not be concerned because the Government department expects some payments could take until November 23 to be processed.Following this date, a GOV.UK page will be made available for reporting missing cost of living payments.At this point, the DWP will start processing claims to ensure outstanding payments reach those eligible as soon as feasibly possible.READ MORE: Britons urged to consider ‘simple’ boiler hack that could cut energy bills by £112 a year Millions claim £324 cost of living payment in last week – full list of who is eligible (Image: GETTY)In order to be eligible for the cost of living payment, Britons must have been entitled to one of the qualifying benefits between August 26 and September 25An exception to this rule is certain older households, who may be able to have a new Pension Credit claim backdated.Pensioners have until December 18 to submit a valid claim for Pension Credit, which could also make them eligible for the £324 Cost of Living Payment.Older households can check their eligibility for Pension Credit using the Government’s online calculator or by calling the freephone claim line via 0800 99 1234.DON’T MISSPIP claim: The top 5 medical conditions giving £627 a month from DWP – check eligibility [INSIGHT]’I now get money every month!’ Woman, 65, shares way she found extra money for retirement [INSIGHT]NS&I is increasing interest rates on savings accounts up to 3.7% – millions set to benefit [UPDATE]For anyone enquiring about their eligibility for this cost of living payment, here is a full list of the qualifying benefits:Income-based Jobseekers AllowanceIncome-related Employment and Support AllowanceIncome SupportUniversal CreditWorking Tax CreditChild Tax CreditPension Credit.READ MORE: Attendance Allowance: 6 myths that stop millions of pensioners claiming up to £370 a month Universal Credit is one of the qualifying beneifts (Image: EXPRESS.CO.UK) Pensioners can get the £324 if they claim this benefit (Image: EXPRESS.CO.UK)The new Chancellor of the Exchequer Jeremy Hunt added: ‘We know families are struggling with the rising prices caused by Putin’s illegal invasion of Ukraine.’That is why we’ve delivered over seven million cash payments directly into the bank accounts of the most vulnerable households in just one week and will make over a million more to those on tax credits later this month.’This is part of the £1,200 cash support we’re giving to the poorest members of society during this difficult period.’At the upcoming Autumn Statement we will continue to prioritise helping the most vulnerable, as we make the tough decisions needed to drive down inflation and fix our public finances.’

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