Cost of living: Millions to pay an extra £324 this winter – full list | Personal Finance | Finance

Earlier this year, Prime Minister Rishi Sunak announced a £650 payout to people on means-tested benefits when he was chancellor under Boris Johnson. This amount is targeted at those who may be adversely affected by the ongoing Cost of living Crisis. Households are currently facing the double whammy of rising inflation and sky-high energy bills, putting unprecedented financial pressure on households.

The £650 living expenses are split into two different installments; The first £326 of this was paid earlier this year.

Those claiming eligible benefits from the Department for Work and Pensions (DWP) The remaining £324 will be available this winter.

According to the DWP, more than eight million claimants will receive this amount from November 8, 2022.

The release of this cost-of-living tariff will last several weeks until November 23, barring errors.

read more: 70 health conditions qualify for an extra £156 a week in PIP from the DWP

For those wondering if they’re eligible for support, here’s a full list of qualifying benefits:

  • Income Based Jobseeker’s Allowance
  • Income-related Employment and Support Allowance
  • Income support
  • Universal Credit
  • Employment tax allowance
  • Child Tax Credit
  • Pension loan

It is important to note that alternative living expenses payments are available to those who are not eligible for means-tested benefit payments.

This includes a lump sum payment of £300 for pensioners and £150 for long-term disability.

Don’t miss out

To be eligible for the £324 payment, families must be entitled to qualifying benefit payments over a specified period.

People on Universal Credit must have claimed for the assessment period ending between 26 August and 25 September.

Anyone on income-based JSA, income-related ESA, income support or Pension Credit must have made a claim for any day between 26 August and 25 September.

Alternatively, a claimant can make payments if later found to be eligible for benefits during this period.

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Chloe Smith, Work and Pensions Secretary, emphasized the good that will be achieved thanks to this support.

Mrs Smith said: “Millions of families will soon see a £324 cash boost as part of our comprehensive £1,200 support package to help boost incomes and manage the rising cost of living.

“We understand that people are struggling, which is why we are committed to supporting the most vulnerable families.

“That’s why we’re focused on driving growth and providing quality public services so we can continue to support those in need in these challenging times while increasing opportunity for all.”

Former Chancellor of the Exchequer Kwasi Kwarteng outlined the allowance for other living expenses.

He added: “We know people are worried about their bills ahead of this winter, which is why we’ve taken decisive action to curb energy bills, saving the average household £1,000 a year and offering a target of £1,200 in support for the most vulnerable.

“Without our intervention, analysts predict the average annual energy bill could reach £6,500 next year. We are never going to let this happen.

“Our growth plan will leave more money in people’s pockets and, in the long run, help economic growth – the only way to permanently raise the standard of living for everyone.”

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