British households to get £300 cost of living cash boost today

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    The Department for Work and Pensions (DWP) is set to give millions of people a £300 cash boost today.

    This lump sum, hitting bank accounts from October 31, is part of a scheme to support those on low incomes during the ongoing cost of living crisis. It is the most recent payment since those dished out between April 25 and May 17, Liverpool Echo reports.

    The government website states you may be able to get up to five payments to help during the cost of living crisis if you’re getting certain benefits or tax credits. Or, depending on the dates you received them, you may be able to claim three Cost of Living payments worth £300 if you were in receipt of any of the following benefits or tax credits:

    • Income-based Jobseeker’s Allowance (JSA)
    • Income-related Employment and Support Allowance (ESA)
    • Income Support
    • Pension Credit
    • Universal Credit
    • Child Tax Credit
    • Working Tax Credit

    Millions of UK households will receive the cash between Tuesday, October 31, and Sunday, November 19. Those who only receive tax credits and do not qualify for a payment from DWP will receive £300 from HMRC between November 10 and November 19.

    The cash will be sent directly and automatically, so claimants won't need to apply. The payment reference for bank accounts will be the recipient's National Insurance Number followed by DWP COL or HMRC COLS.

    To redeem the money, you need to have been entitled to a payment for a qualifying benefit between 18 August 2023 and 17 September 2023, or payment for an assessment period, ending between these dates.

    From HMRC, you need to have received a payment of tax credits for any day in the period between 18 August 2023 and 17 September 2023.

    * This article was crafted with the help of an AI tool, which speeds up Daily Star's editorial research. An editor reviewed this content before it was published. You can report any errors to [email protected]

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