The Department for Work and Pensions (DWP) has announced a significant financial boost for struggling families, with a £1,085 cost of living payment set to land in eligible bank accounts this February.
This targeted support is part of a broader government package designed to help those most vulnerable to the ongoing economic pressures. The payment is not automatic for all benefit claimants; it is specifically tied to those receiving means-tested benefits during a specific qualifying period.
Who Exactly Qualifies for the Payment?
To receive this crucial support, individuals must have been entitled to a payment for one of the following benefits between a specific date range, which is typically announced just before the qualifying period begins:
- Universal Credit
- Income-based Jobseeker’s Allowance (JSA)
- Income-related Employment and Support Allowance (ESA)
- Income Support
- Pension Credit
- Child Tax Credit
- Working Tax Credit
It is vital to note that the eligibility window is strict. If your benefit claim is assessed or your payment is reduced to £0 for the assessment period (often due to earnings from a job), you will not be eligible for the £1,085 sum.
How and When Will You Be Paid?
The DWP has confirmed that the payment will be made automatically. Eligible recipients do not need to apply. The funds will be sent directly to the bank account where you normally receive your benefits.
The payment is expected to be made between February 6, 2024, and February 22, 2024. It will appear in your bank statement with a specific reference, such as 'DWP COLP', making it easily identifiable.
Further Support Available
This payment is separate from other forms of support, including the Winter Fuel Payment and the £150 Disability Cost of Living Payment. Households are encouraged to check their eligibility for all available support through the official government channels to ensure they are receiving everything they are entitled to during this challenging financial period.
