Lifestyle

Cost of living payment warning as Brits must act now to receive free £301

Brits risk losing their £301 cost of living payment if they don't act quick enough.

Over 8million households have already received the first instalment of their £900 cost of living money.

The first payment should have been with most people by May 17.

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But if you have not received any payment, you must check a new online portal now.

That's because existing benefits claimants can log a note in their journal to report the missing payment.

However, the portal will only remain open for three weeks from May 18 so you need to act immediately.

If you need to report a missing payment you must put your full name, date of birth, address and NI number on GOV.UK.

Most people who are eligible should receive it within two weeks but the Government warned it could take longer.

To qualify for the first cost of living payment you need to have been paid or be eligible for one of the benefits or tax credits listed between January 26 and February 25, 2023.

  • Child tax credit
  • Income support
  • Income-based jobseeker's allowance
  • Income-related employment and support allowance
  • Pension credit
  • Universal Credit
  • Working tax credit

The Government is issuing a £1,350 bumper package to households from this spring.

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It's rare households will qualify for all three payments but if you do, you'll get the full £1,350 on offer and be automatically paid.

Payment windows for the £1,350 payment will be broadly as follows:

  • £301 – First cost of living payment – during spring 2023
  • £150 – 2023 disability payment – during summer 2023
  • £300 – Second cost of living payment – during autumn 2023
  • £300 – 2023 pensioner payment – during winter
  • £299 – Third cost of living payment – during spring 2024

The quickest way to see what benefits you might be able to claim is to use one of the calculators recommended by GOV.UK.

Each one is free to use and they are:

  • Turn2us
  • Policy in Practice
  • EntitledTo

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