Over eight million households on means-tested benefits will automatically get the first Cost of Living payment instalment of £326 from this month. This means that, combined with other support, millions of low-income households across the UK will receive at least £1,200 from the Government by Christmas to ease Cost of Living pressures.
- £326 – the first of two cost of living payments – will automatically hit seven million bank accounts between 14 and 31 July 2022. Those on Tax Credit and no other benefits will receive their first payment by autumn.
- Second instalment of £324 will follow from the autumn, with separate payments for pensioners and disabled people also coming later this year
Read the full press release and Cost of Living guidance.