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When to expect the second Cost of Living payment

The rising cost of living crisis has had many Brits looking for ways to tighten their purse strings.

With many struggling to make their pennies stretch further, help has been announced by the Government.

More than eight million households received the first of two payments totalling £650 to ease the rising cost of living pressures in July.

Increasing costs of petrol, energy bills, supermarket prices, and much more, have left families seeing hundreds to thousands of pounds being added to their regular bills – with the grant aimed at easing the pressure for those struggling.

And now, many are wondering when the second will be paid as winter is fast approaching.

Here’s everything you need to know about when the second Cost of Living payment is coming, how much it is, and whether you are eligible.

When can you expect the second Cost of Living payment?

The second Cost of Living payment is just around the corner, set to be hitting bank accounts ‘this autumn’, though an exact date has not yet been announced by the government.

Those eligible will be paid automatically, so they do not need to apply and payments may appear in accounts as ‘DWP Cost of Living’.

How much will you be paid?

The total Cost of Living payment has been split equally over two pay dates.

Following the first of £326 in the summer, the second payment will amount to £324.

The money is tax-free and will not affect any benefit caps or existing benefit awards.

The payments come as part of a support package ‘worth at least £1,200 for vulnerable families’ which also includes a previously announced £150 council tax rebate.

Who is eligible for the grant?

You may be able to get a payment to help with the cost of living if you’re getting certain benefits or tax credits.

The grant will be received by those households who receive means-tested benefits.

This includes the following:

  • Universal Credit
  • Income-based Jobseekers’ Allowance
  • Income Support
  • Working tax credit
  • Income-related employment and support allowance
  • Child tax credit
  • Pension credit

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To be eligible for the grant, you must have started a successful benefits claim by May 15, 2022.

According to the GOV website, If you think you should have had the £326 payment, but you don’t receive it, you can report a missing Cost of Living Payment.

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