When will the second chunk of the £650 cost of living payment land in my account?
HOUSEHOLDS have been paid the first part of their £650 cost of living payment but when will they receive the second half?
The first half began landing in people's bank accounts from July 14 which is worth £326. It should've arrived in most bank accounts by the end of July.
Around 7.2million payments have already been made to help hard-up households to help them pay for spiralling bills and essentials.
Energy bills are expected to hit just shy of £3,000 by the end of this year, while food bills are soaring due to rocketing inflation.
The £650 support will go to 8.2million people on Universal Credit and certain other benefits.
But when will you get the second instalment? We explain all you need to know.
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Who gets the £650 cost of living payment?
Ex-chancellor Rishi Sunak announced the payment earlier this year, which is part of a package helping those receiving Universal Credit and other benefits during this difficult time.
Those on the following benefits will get the help:
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
- Universal Credit
It's important to know the payment is one per household meaning if two residents receive a benefit or UC payments, the money you receive will not increase.
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Here is the full list of benefits which won't get the cost of living payment:
- Attendance allowance
- Carer's allowance
- Child benefit
- Disability living allowance (DLA)
- Contributory, or "new style", Employment and Support Allowance (ESA)
- Guardian's allowance
- Contribution-based, or "new style", Jobseeker's Allowance (JSA)
- Maternity allowance
- Personal Independence payment
- State pension
- Statutory adoption, maternity, paternity and shared parental pay
- Statutory sick pay
When will I get the second payment?
The second payment is worth £324 and will be paid in autumn.
However, the government has yet to confirm the date and this article will be updated when The Sun has more information.
The cash will automatically land into the bank account that people use to receive their benefits.
The exact dates for when you have to make a successful claim by in order to be eligible also hasn't been confirmed.
The payment is also show cased by a code on your bank statement, which confirms the payment has been made into your account.
Transactions for money entering or leaving your account has a code to identify where it's going to or coming from - like a shop name.
You should spot the words: DWP Cost of Living by the transaction when it arrives.
Help! I haven't got my first payment yet
You should have received your first instalment by the end of July.
If you haven't received it, there could be a reason why it has been delayed.
The DWP warned that due to the government issuing millions of payments during the same week, there could be delays issuing cash.
Those with "complex" circumstances can expect a slight delay to their first cost of living payment instalment as well.
If you're claiming tax credits, you may have spotted a delay for your first £650 cost of living payment instalment.
As many as 1.5million people claim tax credits and no exact date has been set for when claimants should expect to see the help paid out.
Households claiming tax credits should expect to receive the first payment instalment in autumn and the second in winter.
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People may be receiving tax credits alongside other benefits that qualify for the cost of living payment.
So payments are being dished out at a later date to avoid any double payments being made.
Cost of living payments: what you need to know
- All the key dates for cost of living payments revealed
- Every household will get a £400 cost of living payment to help with energy bills
- See the full list of benefits eligible for £650 cost of living cash
- Here's free cash you can get if you DON’T qualify for the £650 cost of living payment
- Millions of pensioners will get a £300 cost of living payment this winter
- Disabled Brits will get £150 this September
- Parents can get up to £200 towards school uniform costs