Published On: Fri, Oct 28th, 2022

Cost of living: Millions to get extra £324 payment this winter – full list | Personal Finance | Finance


Earlier this year, Prime Minister Rishi Sunak announced a £650 payment for those on means-tested benefits while he was Chancellor under Boris Johnson. This sum of money was targeted at those who are most likely to be adversely affected by the ongoing cost of living crisis. Households are currently facing a doubly whammy of soaring inflation and sky-high energy bills which is placing unprecedented financial pressure on families.

The £650 cost of living payment has been split into two different instalments; the first £326 of which was handed out earlier this year.

Those who claim qualifying benefit payments from the Department for Work and Pensions (DWP) will receive the remaining £324 this winter.

According to the DWP, over eight million claimants will get this amount from November 8, 2022.

The rollout of this cost of living payment will last for multiple weeks up until November 23, barring any errors.

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For anyone wondering if they are eligible for the support, here is a full list of the qualifying benefits:

  • Income-based Jobseekers Allowance
  • Income-related Employment and Support Allowance
  • Income Support
  • Universal Credit
  • Working Tax Credit
  • Child Tax Credit
  • Pension Credit

It should be noted that there are alternative cost of living payments for those who are not eligible for the one reserved for means-tested benefit payments.

These include a £300 lump sum for pensioners and a £150 payment for people with a long-term disability.

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In order to be eligible for the £324 payment, households must have been entitled to a qualifying benefit payment during a certain period of time.

Those on Universal Credit must have been claiming for an assessment period that ended in the period August 26 to September 25.

Anyone on income-based JSA, income-related ESA, Income Support or Pension Credit must have been claiming for any day in the period between August 26 to September 25.

Alternatively, a claimant can also make the payment if they are found to have been eligible for the benefit during this period of time at a later date.

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Chloe Smith, the Work and Pensions Secretary, emphasised the good which will be accomplished thanks to this support.

Ms Smith said: “Millions of families will soon see a £324 cash boost as part of our extensive £1,200 support package, helping to raise incomes and manage the rising cost of living.

“We understand that people are struggling which is why and we’re committed to supporting the most vulnerable households.

“That’s also why we are focused on driving growth and delivering quality public services so we can continue to support those in need through these challenging times while boosting opportunity for all.”

The former Chancellor of the Exchequer Kwasi Kwarteng outlined the other cost of living support on offer.

He added: “We know that people have been worried about their bills ahead of this winter, which is why we’ve taken decisive action to hold down energy bills, saving the average household around £1,000 a year, and provided £1,200 of targeted support to the most vulnerable.

“Without our intervention, analysts were predicting that the average annual energy bill could have reached £6,500 next year. We were never going to let this happen.

“Our Growth Plan will also leave more money in people’s pockets and, over the longer term, help drive economic growth – the only way to permanently boost everyone’s living standards.”



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