Important Details about the £900 Cost of Living Payment

WriterDaniel Roberts

6 February 2024

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Important Details about the £900 Cost of Living Payment

Introduction

Around eight million households in the UK are eligible to receive the third and final part of their £900 cost of living payment today. This payment, which does not require an application, is being paid in three installments to individuals on certain benefits and Tax Credits. The payments are tax-free, do not count towards the benefits cap, and do not affect current payments.

Payment Details

The cost of living payment is being distributed in three varying amounts. The first payment was £301, the second was £300, and the final payment will be £299. This distribution method allows the government to track whether the correct payment has been received at the right time.

Payment Schedule

The payment schedule varies depending on the benefits received. If you receive Child Tax Credit or Working Tax Credit without any other benefits, your payment should arrive between the 16th and 22nd of February. For other benefits, including Income-based jobseeker’s allowance, Income-related employment and support allowance, Income Support, Pension Credit, and Universal Credit, the payment should be received between February 6th and February 22nd.

To be eligible for the £299 payment, individuals must have been paid or eligible for the specified benefits for any day between November 13th, 2023, and December 12th, 2023.

Eligibility for Universal Credit

It is important to note that individuals on Universal Credit are entitled to the cost of living payment, unless their Universal Credit payment was reduced to £0 for the entire period between November 13th and December 12th. This reduction may occur if there is an increase in earnings or savings, if another benefit is earned, or if multiple sets of wages are received within the same month.

Beware of Scammers

It is crucial to be cautious of scammers. The cost of living payment does not require any applications, so any texts or emails inviting you to claim or apply for the payment are likely scams and should be ignored.

Payment References

For individuals receiving benefits from the Department for Work and Pensions (DWP), the payment reference will be 'DWP COL' along with their national insurance number. For Tax Credits-only recipients, the payment reference will be 'HMRC COLS'.

Repayment

If an individual receives a cost of living payment but is later found to be ineligible by the DWP, they may be required to repay the amount received.

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Daniel Roberts
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Daniel Roberts is a prominent Air Fryer Tech Expert and Reviewer, celebrated for his insightful and comprehensive reviews. With an eye for innovation and a taste for culinary excellence, Daniel's articles offer more than just reviews; they provide a guide to healthier, tastier, and more efficient cooking methods.

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