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New Cost-Of-Living Payments Will Start Distributing to Low-Income Families in Spring

The Department for Work and Pensions (DWP), which has released additional information on the payments timetable, claims that millions of low-income families will start receiving new cost-of-living help this spring.

The autumn statement already disclosed the second wave of household support, based on payments delivered to more than 8 million people in 2022.

The new £900 cash assistance will begin in the spring and be distributed in 3 payments straight to bank accounts for more than 8 million eligible recipients of means-tested benefits, including those receiving tax credits, universal credit, and pension credit.

According to the department, it will be easier to identify whether someone has received the right payments because the £900 payment will be divided into 3 slightly different sums that match different qualifying periods.

In addition to their Winter Fuel Payments, over 8 million seniors and over 6 million individuals with disabilities will each get an additional £150 payment and £300 payment, respectively.

The Government stated that particular payment windows will be revealed closer to the event and that funds will be distributed to maintain constant support all year long.

A £301 first cost-of-living payout will be made in the spring of 2023, a £150 disability payout will be made in the summer of 2023, a £300, second cost-of-living payment will be made in the fall of 2003, a £300 senior citizen payment will be made in the winter of 2023–2024, and a final £299 third cost-of-living payment will be made in the spring of 2024.

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