New £300 cost of living payment need-to-knows for people due money next month

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New £300 cost of living payment need-to-knows for people due money next month
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Payments of £300 from DWP and HMRC will be made to 8 million households by November 19, 2023.

Some 8 million people across Scotland, England and Wales are set to receive a £300 cost of living payment from the Department for Work and Pensions or HM Revenue and Customs before November 19, 2023. The second part of the £900 means-tested cost of living payment will provide a financial boost for those on Universal Credit, Pension Credit, Tax Credits and other income-related benefits.

£300 cost of living payment in a nutshell Below is everything you need to know about the £300 cost of living payment including eligible benefits, qualifying periods, joint claims, nil awards and how pensioners could still qualify for the money. Top Money Stories Today Qualifying benefits for £300 cost of living payment This will be paid to eligible households receiving the following benefits:Single and joint claims Much-like the previous means-tested cost of living payments, the money will be paid per claim - this means joint claimants will receive one payment.

Latest Benefits News Guidance on GOV.UK explains: "You will not be eligible for the Cost of Living Payment if your benefit is reduced to £0 for the qualifying period."You may still be eligible for a cost of living payment if your benefit is reduced to £0 and one of the following applies: 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. We also have a handy guide to the benefit here.

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