The Department for Work and Pensions (DWP) is set to provide £300 to millions of households across the UK. This is the second of three payments, totaling up to £900, to assist those on means-tested benefits with their living expenses.
In October and November 2024, most recipients can expect the second installment of these DWP payments. These funds aim to help households manage the high costs of living and electricity.
Below, we cut into the details of the 2024 cost of living payment, covering the amount, timing, and eligibility requirements.
Overview
The UK government, through the DWP, offers direct financial support to help with rising food and energy bills. For low-income individuals receiving means-tested benefits, these payments are automatically deposited into their bank accounts, eliminating the need for applications.
In 2024, DWP benefit recipients will receive up to £900 in three installments: spring, fall, and spring. Additionally, pensioners and eligible disabled individuals will receive extra payments of £300 and £150, respectively.
The DWP urges low-income pensioners not currently receiving pension credit to check their eligibility.
| Article | DWP Payments 2024 |
|---|---|
| Implemented By | UK Federal Government |
| Administered By | Department for Work and Pensions |
| Total Amount & Installments | £900 (3 installments) |
| Upcoming Payment Amount | £300 |
| Upcoming Payment Date | October 31 – November 19 |
| Transfer Mode | Direct Bank Transfer |
| DWP official website | DWP |
Extra Payments
If you find an additional £10 credited to your account, it’s a tax-free “Christmas Bonus” from the government. This one-time payment, marked as “DWP XB” on your bank statement, is meant to provide extra support during the holiday season. This bonus does not affect your other benefits.
Payment Dates
The first installment of £301 was distributed between April 25 and May 17. The second installment of £300 is expected between October 31 and November 19, while the third installment of £299 is scheduled for spring 2024.
For those receiving tax credits without other means-tested benefits, HM Revenue and Customs (HMRC) will issue a cost of living payment between November 10 and November 19. Additionally, over 6 million individuals qualified for a £150 Disability Cost of Living Payment in summer 2024.
Possible Delays
Payments may be delayed if you switch bank accounts for your benefits or tax credits or if you become eligible for a qualifying benefit later.
Eligibility
You might qualify for up to three Cost of Living Payments if you receive any of the following benefits between August 18 and September 17, 2024:
- Pension Credit
- Income-based Jobseekers Allowance
- Universal Credit
- Working Tax Credit
- Child Tax Credit
- Income Support
- Income-related Employment and Support Allowance
HMRC handles payments for individuals receiving only child or working tax credits, while the DWP covers all other eligible benefits.
Checking Your Payment
If eligible, the payment should appear in your bank account the same way your benefits or tax credits do. Look for “DWP COL” followed by your National Insurance number on your bank statement to confirm the transaction.
These financial aids are crucial in helping households to know the rising cost of living and ensuring they can meet their basic needs.
FAQs
How much is the DWP payment?
Up to £900 in three installments.
When is the next DWP payment?
Between October 31 and November 19, 2024.
What is the Christmas Bonus?
A tax-free £10 payment marked “DWP XB”.
Who qualifies for the DWP payment?
Recipients of specific means-tested benefits.
How do I check my DWP payment?
Look for “DWP COL” followed by your National Insurance number.
