Cost of Living September payment update — Brits set to receive £300 in just weeks – see if you qualify

What other Cost of Living payments are expected?

The final £299 cost of living payment will be made in the spring of 2024.

It follows the £650 cost of living payment made to over eight million people in 2022.

How to find the payment?

The payment reference for bank accounts will be the recipient’s National Insurance number followed by DWP COL or HMRC COLS.

For example, if your NI number is JT 83 42 97B your payment will show up as “JT 83 42 97B DWP COLP” or “JT 83 42 97B HMRC COLP” on your bank statement.

Other eligibility requirements

You need to have been entitled to a payment for any of the qualifying benefits between August 18 and September 17 to be eligible for the free cash.

If you were later found to be entitled to any of the above benefits between the same dates you will also be eligible for the payment too.

Households on tax credits only will receive their payment from HMRC between November 10 and 19.

This is to ensure that those on other benefits and tax credits will not get the payment twice.

Full list of benefits that make you eligible

The full list of benefits that qualify people for the payment is:

• Universal Credit
• Income-based jobseekers allowance
• Income-related employment and support allowance
• Income support
• Working tax credit
• Child tax credit
• Pension credit

What do you need to do to receive the payment?

Those eligible for the tax-free payment won’t have to do anything as it will be made automatically.

The £300 payment is the second of three payments that form the £900 support.

The first instalment worth £301 was paid out to over eight million households in April and May.