When to count on the subsequent £300 value of dwelling cost to land in accounts
Forming a part of a multi-billion pound help bundle to assist Britons with rising costs, the Government will probably be distributing additional cost of living funds this 12 months to thousands and thousands of eligible folks later this 12 months.
The scheme, launched in spring, affords these on sure means-tested advantages as much as 5 funds price a whole bunch of kilos, and there are three extra remaining to be paid on this tax 12 months.
Work and pensions secretary Mel Stride mentioned the funds intention to assist folks throughout the UK as “consistent, targeted and substantial” help for essentially the most susceptible continues.
The funds embrace the principle value of dwelling cost price £900 paid in three instalments, the incapacity value of dwelling cost price £150, and a pensioner value of dwelling cost price as much as £300.
Two instalments of the principle value of dwelling cost, each price £301, have already been paid to these eligible, in addition to the £150 incapacity value of dwelling cost, which was distributed in June.
This leaves folks with two extra instalments of the principle value of dwelling cost to return, in addition to the pensioner value of dwelling cost. Here’s extra on when within the 12 months folks may count on to see the cash land of their accounts.
When is the subsequent value of dwelling cost due?
The subsequent most important value of dwelling cost will probably be price £300 and will probably be distributed in autumn 2023. The precise date has not but been decided, however these claiming the next advantages throughout a soon-to-be-specified time interval will probably be eligible:
- 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.
The closing value of dwelling cost will probably be distributed in spring 2024 and will probably be price a much-welcomed £299. The precise date for this, in addition to the qualifying interval will even be decided by the Government at a later date.
When is the pensioner value of dwelling cost due?
Those entitled to a Winter Fuel Payment for winter 2023 to 2024 will get an additional £150 or £300 paid with their regular cost from November 2023.
The full quantity of Winter Fuel Payment (together with the pensioner value of dwelling cost) for winter 2023 to 2024 relies on when an individual was born and their circumstances through the qualifying dates.
People can get a Winter Fuel Payment for winter 2023 to 2024 in the event that they had been born earlier than September 24, 1957.
People will probably be despatched a letter in October or November telling them how a lot Winter Fuel Payment they’ll get in the event that they’re eligible.