The £301 cost of living payment is due to be paid between April 25 and May 17, 2023 to over eight million households. (Image: Getty) Group 28 Get the latest money news from the Daily Record with our weekly newsletter Invalid email Something went wrong, please try again later. Sign Up No thanks, close We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. This means that we may include adverts from us and third parties based on our knowledge of you. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. As always you can unsubscribe at any time. More info Group 28 Thank you for subscribing! We have more newsletters Show Me No thanks, close See our Privacy Notice The Department for Work and Pensions (DWP) recently announced that more than eight million families will receive the £301 cost of living payment between April 25 and May 17, 2023. It is the first part of the £900 means-tested cost of living cash from the
UK Government’s 2023/24 financial support package, which is worth £37billion in total. Payments of £301 will land automatically into eligible claimants’ bank accounts during the payment window, so there’s no need to make a claim. To be eligible for the lump sum payment, you need to have been awarded a payment of at least one penny for the Universal Credit assessment period ending between January 26, 2023 to February 25, 2023 For all other DWP means-tested benefits, such as Income-based Jobseeker’s Allowance (JSA), income-based Employment and Support Allowance (ESA), Income Support and Pension Credit, you must have received a payment on any day between January 26 and February 25, 2023. Read More Related Articles DWP confirms date £301 cost of living payments for 8m households due to start next month Read More Related Articles DWP shares more details on new Universal Credit plans for claimants with health issues Regarding these benefits specifically, guidance from DWP states: “You are also eligible if you are entitled to one of these benefits for any day during this period but you do not receive a benefit payment because your entitlement is between 1 penny and 9 pence.” For Tax-Credit-only customers, you must have received a payment on any day in the qualifying period of January 25, 2023 to February 25, 2023, or later be found to have been entitled to a payment for this period. Those who are eligible for the £301 cost of living payment solely through Tax Credits, and are not eligible through DWP means-tested benefits, will be paid by HM Revenue and Customs (HMRC) shortly after DWP payments begin on April 25. HMRC will publish specific details of when payments will be made to these claimants along with the bank account payment reference. Top Money Stories Today New eligibility rules for £301 payment Pensioners can claim £600 energy help Martin Lewis fixed-tariff warning DWP and HMRC Easter pay date changes Universal Credit ‘nil awards’ You will not be eligible for the £301 cost of lLiving Payment if your Universal Credit is reduced to £0 for the qualifying assessment period - often referred to as a ‘nil award’. Reasons your Universal Credit may be reduced to £0 for an assessment period include getting more than one payment of earnings, your or your partner’s earnings go up, your or your partner’s savings go up, you start getting another benefit. However, if money has been taken off for other reasons such as payments of rent to your landlord or for money that you owe, you might still be eligible. Qualifying benefits for £301 payment This will be paid to eligible households receiving the following benefits: Universal Credit Income-based Jobseekers Allowance Income-related Employment and Support Allowance Income Support Pension Credit Working Tax Credit - paid by HMRC if no other DWP means-tested benefit is also claimed Child Tax Credit - paid by HMRC if no other DWP means-tested benefit is also claimed This payment will be tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards. Benefits that do not qualify for £301 payment You will not get a payment if you are only getting: New Style ESA Contributory ESA New Style JSA Joint claims If you have a joint claim on the qualifying dates, a single payment of £301 will be sent using the same payment method, if you’re eligible. Latest Cost Of Living News £301 payment dates announced New eligibility rules for £301 payment Specific groups will not get £310 cash Check for £750 Council Tax discounts New Pension Credit claims and £301 payment The DWP is also encouraging low-income pensioners not already getting Pension Credit to check their eligibility, as they can still qualify for the £301 cost of living payment if they make a successful Pension Credit application by May 19, 2023. This is because Pension Credit is a retrospective benefit that can be backdated by up to three months, taking it to within the qualifying period. People can check their eligibility for Pension Credit using the online calculator on GOV.UK here or by calling the Pension Credit helpline on 0800 99 1234. To keep up to date with the latest cost of living news, join our Money Saving
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Twitter @Record_Money , o r subscribe to our newsletter which goes out Monday to Friday - sign up here . READ NEXT Check your eligibility for £150, £300 and £601 cost of living payments New cost of living payment warning to people due money over next few months Scottish benefits and payments set to rise next month Scottish families affected by DWP benefit cap urged to apply for financial help from local council DWP to fast-track disability payments for thousands of people in final year of life from April Story Saved You can find this story in My Bookmarks. Or by navigating to the user icon in the top right. Follow Daily Record Facebook Twitter Comment More On Benefits Universal Credit Cost Of Living Legacy Benefits DWP