Updated on February 23, 2024
The Department for Work and Pensions (DWP) has recently provided additional details regarding the payment schedule for the upcoming round of cost of living assistance. This applies to means-tested benefit recipients, including those getting tax credits, Universal Credit, and Pension Credit. Starting this spring, eligible individuals will receive three direct bank account payments throughout the fiscal year.
In the UK, low-income households have already begun receiving a second £300 Cost of Living Payment. The DWP will transfer this tax-free cash directly into the bank accounts of over 7.9 million households, without impacting the benefit ceiling.
For the upcoming round, the £299 Cost of Living Payment is expected, and it is essential for recipients of certain benefits, like Universal Credit, to be aware of the details. The payment is scheduled to be distributed before spring 2024. Stay informed by checking this page for updates on the £299 Cost of Living Payment Date 2024 and understanding the purpose and timing of this payment.
Cost of Living Payment: £299 Anticipated Before Spring 2024
Following the 2023 WWP Cost of Living Payment, a final £299 payment is expected in spring 2024. The Department for Work and Pensions has already issued initial payments for the second low-income cost of living increase in 2023, benefiting over 7.9 million households facing challenges amid high energy costs and a 6.7% inflation rate in September. The qualified recipients will receive the £900 in three installments, with the second payment currently in recipients’ bank accounts. The £299 Cost of Living Payment 2024 Amount is slated to be deposited in March/April 2024. Stay informed about this upcoming financial assistance.
Details of DWP’s £299 Cost of Living Payment for 2024
| Article Heading | £299 Cost of Living Payment Before Spring 2024 |
| Name of Department | Department for Work and Pensions (DWP) |
| Beneficiaries | Elderly citizens of United Kingdom |
| £299 Cost of Living Payment 2024 Date | March/April 2024 |
| Category | Government Aid |
| Installments | Three (£301, £301 and £299) |
| Official Website | uk.gov |
UK Seniors to Receive £299 Payment from March 2024
In 2024, the UK government aims to provide additional assistance to millions of households facing financial challenges. This follows the two Cost of Living Payments (CLPs) in 2022, totaling £650.
The initial £301 payment for 2023 was disbursed between April 25 and May 17. The remaining £300 was distributed in two installments on October 31 and November 19. The third installment of £299 is scheduled for spring 2024. This financial support will cover individuals receiving the following means-tested benefits:
- Universal Credit
- Pension Credit
- Income-based JSA
- Income-related ESA
- Income Support
- Tax Credits – CTC and WTC
Eligibility for 2024 Cost of Living Payment
The Cost of Living Payment has been automatically distributed, eliminating the need for individuals who qualify to apply or contact HMRC or DWP. This separate payment, in addition to regular benefit payments, is accessible to those eligible for the UK Cost of Living Payment 2024 if they meet the following criteria:
- Received Universal Credit during the assessment period ending on August 18, 2023, and ending on September 17, 2023.
- Were entitled to income-based Pension Credit, income-related ESA, income support, or JSA on any day between August 18, 2023, and September 17, 2023.
- Tax credit recipients must have received a payment of tax credits on any day between August 18, 2023, and September 17, 2023.
DWP’s 2024 Update: £299 Extra Cost of Living Payments
The UK government has extended financial support to millions of individuals this year, addressing the challenges posed by the increasing cost of living. The Department for Work and Pensions (DWP) has been disbursing Cost of Living Payments to eligible families throughout the fiscal year, with a maximum total value of £900 across three payments. The initial instalment of £301 was provided in April and May, followed by a second payment of £300 in October and November.
While the DWP has not yet disclosed the release date for the DWP £299 Cost of Living Payment 2024, anticipated in spring 2024, the government remains committed to aiding low-income families receiving means-tested benefits who are grappling with financial difficulties amid rising living expenses.
Key Dates for 2024 Cost of Living Payments
Those eligible for DWP Cost of Living Payments in 2024 will receive the following:
- If you receive DWP benefits, £301 was paid between April 25, 2023, and May 17, 2023.
- £301 was paid between May 2, 2023, and May 9, 2023, for those solely receiving tax credits.
- £300 was given to DWP benefit recipients between October 31 and November 19.
- If you exclusively receive tax credits, a payment of £300 is due between November 10 and 19.
- In spring 2024, eligible individuals will receive £299.