Skip to content

Second 2023 to 2024 Cost of Living Payment

Cost of living

Published on 26 September 2023 12:45 PM

Second 2023 to 2024 Cost of Living Payment

On 20 September, the UK Government announced millions of UK households will shortly get a Cost of Living Payment of £300. The payment will be made to eligible customers between 31 October and 19 November this year.

This is the second of three payments over the financial year totalling up to £900. Eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel payment.

From 20 November, people who have become retrospectively entitled, or think they should have had a Cost of Living Payment but have not received one can report it via GOV.UK. If the person is not able to use the internet or they do not know someone who can help them, they can report a missing payment via their benefit telephony line.

Payments make up part of government’s record financial support for the most vulnerable worth an average of £3,300 per household. The payment reference for bank accounts will be the recipient’s National Insurance Number followed by DWP COL or HMRC COLS.The full list of benefit recipients that qualify for the second Cost of Living Payment are those who are eligible and receive at least one of the following:

  • Universal Credit
  • Income-based Jobseekers Allowance
  • Income-related Employment and Support Allowance
  • Income Support
  • Working Tax Credit
  • Child Tax Credit
  • Pension Credit

The DWP continues to encourage low-income pensioners not already getting Pension Credit to check their eligibility, as – thanks to Pension Credit backdating rules – they could still qualify for both the second Cost of Living Payment as well as the third payment due in Spring 2024. Over 8m pensioner households will also receive a further £300 payment later this year in addition to the Winter Fuel Payment.

Read more information about the Cost of Living Payments on GOV.UK.

Information and Advice

For help sourcing your correct benefits in time for winter payments, you can contact our team at Age Cymru Dyfed. Visit our contact page for ways to get in touch and our Information and Advice page for further details on how we can help you.