Skip to content

Third, Further Cost of Living Support Announced

Published on 19 December 2023 08:03 PM

Cost of living payment

Could you be eligible? Around 8m eligible households across the UK are set to receive a 299 pound Cost of Living Payment in February, as the Government unveiled its plans to reward work, reform welfare and grow the economy.

  • 8 million households to receive £299 Cost of Living payment between Tuesday 6 February and Thursday 22 February   

  • Follows Autumn Statement where Chancellor delivered additional cost of living support to most vulnerable as well as tax cuts for hardworking families 

  • Comes as Government turns a corner on the economy and Work and Pensions Secretary ushers in next generation of welfare reforms  

The third of up to three Cost of Living Payments will be made to eligible people on means-tested benefits between 6 February and 22 February and is part of a support package that has helped millions of households since July 2022. 

The payments come as the Government announced £104 billion will be spent on cost of living support between 2022 and 2025 in November’s Autumn Statement – worth around £3,700 per household. Measures include: 

  • Uprating benefits by 6.7%  

  • Increasing the state pension by 8.5%  

  • Increasing the Local Housing Allowance by £7 billion   

Get in touch

If you need further advice, get in touch with our I&A team, contact us.