Martin Lewis gave a rough estimate as to when people could expect the autumn payment of £300
The next cost of living payment could arrive in October or November, according to an earlier prediction made by Money Saving Expert's Martin Lewis.You may be entitled to the payments if you get income-based Jobseeker’s Allowance , income-related Employment and Support Allowance , Income Support, Pension Credit, Universal Credit, Pension Credit or Working Tax Credit.
Updating his 2.1m followers, Mr Lewis predicted the autumn payment of £300 would be in October or November, with the third and last payment of £299 before the current tax year ends on April 6 2024, reports ChronicleLive. If you qualify for these cost of living payments, you should be paid automatically in the same way you usually get your benefits or tax credits. If you get benefits from the DWP, the reference for the payment will be 'DWP COLP', along with your national insurance number.If you’re getting both Child Tax Credit and Working Tax Credit, you will receive a Cost of Living Payment for Child Tax Credit only, which will be paid by HMRC.
If you’re getting tax credits from HMRC and a low income benefit from DWP, you cannot get a Cost of Living Payment from both HMRC and DWP. You will usually be paid by DWP only. Your payment might come later, for example if you’re awarded a qualifying benefit at a later date or you change the account your benefit or tax credits are paid into. You will still be paid the Cost of Living Payment automatically.Win a top-of-the-range Shark vacuum cleaner worth £449.99
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