For those eligible for a government grant to assist with the cost of living problem, the final £299 payment has finally been made. Millions of low-income households obtained additional support to help with rising prices over the course of the last year.
Over the course of the previous year, financial support of £1,350 was extended to the most needy households. The cost of living payment, which was distributed into three installments of £900 to eight million families, was paid in three installments between February 6, 2024, and February 22, 2024. Pensioners and those with disabilities also received further assistance.
Eligibility For Other Benefits
You may be eligible for further government assistance in addition to the cost of living payment. This winter, certain households would have qualified for one or more £25 cold weather payments. This necessitates at least seven days of below-freezing temperatures. Additionally, some homes can qualify for the Warm Home Discount, which reduces your energy bills by £150.
Additionally, if you are a pensioner, you will be eligible for the Winter Fuel Payment every year; we will go over how this works below. Make sure you are aware of your eligibility for universal credit if you have low income or are unemployed. You may be eligible for pension credit if you are over the state pension age and have a modest income.
Additional Expenses
The perfect storm of price increases and tax increases has hammered households over the last few years, severely straining their finances. The following are some additional expenses that households must deal with:
Growing energy costs: even if the average household’s annual energy price cap dropped to £1,690 in April, this amount is still double what it was a few years earlier.
Food price inflation: It means that weekly groceries now cost £10 more.
Increases in council tax: It will cost an additional £100 each year.
Interest rates climb: Driving up the cost of a mortgage by hundreds or even thousands of pounds annually.
DWP £299 Cost of Living Payment 2024: Additional Benefits
Those receiving means-tested benefits were eligible for the two cost of living payments, which were £900 and £650. These benefits included:
- Universal credit
- Pension Benefit
- Allowance for job seekers
- Income Employment
- Support allowance
- Income support
- Working tax credit
- Child Tax Credit
In order to qualify for the £900 cost of living payment, you have to have received benefits between January 26, 2023, to February 25, 2023.
DWP £299 Cost of Living Payment 2024: Missing Payment
In the event that you believe you qualify but have not received any funding, you may file a missing cost of living report. In order to proceed, you must have your national insurance number, which you can locate here if you misplaced it. The missing payment just has to be reported once. The DWP promises to get back to you as quickly as it can.
