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Cost-of-living payments that will be deposited into your bank accounts before Christmas

Updated: Apr 12


Millions of households in the UK are entitled to get assistance in the coming months to lessen the harsh impact of the ongoing cost of living issue.

Certain things have altered instantly as a result of Chancellor Jeremy Hunt's monumental revelation earlier this week, which saw significant backtracking on some of Prime Minister Liz Truss's commitments. For example, the energy price promise was reduced from two years to only six months.

Hull Live notes that many British citizens are still qualified to receive additional assistance over the winter to help them cope with stressors including mounting household expenses and the rising cost of necessities.

Second Cost of living payment - £324

The £650 cost of living payment has been distributed to many households in its first installment. Eight million payments, on average, have reportedly been sent to help those in need while their costs keep going up.

The second payment is due between November 8 and November 23 and will be automatically deposited into the bank accounts of those who receive specified perks. However, payments won't be made until November 23 to those who received tax credits. The people on the following benefits are eligible to claim the second cost of living payment which will be worth £324 -

· Income-based Jobseekers Allowance

· Income-related Employment and Support Allowance

· Income Support

· Working Tax Credit

· Child Tax Credit

· Pension Credit

· Universal Credit

Pensioner cost of living payment - £300

In addition, recipients of the winter fuel assistance will be eligible to apply for the £300

"Pensioner Cost of Living Payment," which will be distributed in November. You must meet the following requirements in order to be eligible for both the Winter Fuel Payment and the Pensioner Cost of Living Payment.

· Being born on or before 25 September 1956

· Living in the UK for at least one day between the days of 19 to 25 September as this is classed as the 'qualifying week'

Warm Home Discount - £150

Between December and March 2023, millions of households will also be eligible for the Warm Home Discount, which would save them the equivalent of £150 on their energy costs. The automatic reduction is available to those who had any of the following benefits up until August of this year:

· Income support

· Income-based jobseeker's allowance

· Income-related employment and support allowance

· Housing benefit

· Universal Credit

· Child tax credit

· Working tax credits

· Pension credit guaranteed

· Pension credit savings credit

Household support fund - up to £150

Local governments all around the country are assisting poor families by providing additional funding for necessities and expenses. Households may receive up to £150, depending on their area.

Normally, you would need to be a receiver of council tax support in order to be eligible for the household support fund. The GOV.UK website allows you to locate your local council and get in touch with them to further discuss things.

Cold weather payment - up to £75

Low-income households are eligible for a £25 payout as the temperature continues to drop. In parts of the UK that have already experienced subzero temperatures, some cold weather payments have already been given.

Each seven-day stretch of low temperatures between November and March will determine this additional automatic payment.


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