Skip to content

Cost of Living Payment Deadline 18th August

Notes and coins icon

Published on 09 August 2022 01:38 PM

Are you entitled to a one-off payment to contribute towards living costs?

With so many rising costs at the moment, it is hugely important that everyone who is entitled to financial support is receiving the amount they are due. There are many different kinds of financial assistance and it can feel overwhelming knowing where to start, especially if you are already finding your situation stressful.

This month we’re focusing on Pension Credit. The Government have announced that anyone who is claiming Pension Credit by Thursday 18th August 2022 will also receive an additional, one-off Cost of Living Payment of £650 to help towards living costs this year. Whilst you will still be able to apply for Pension Credit after this date, you will not qualify for this year’s additional Cost of Living Payment. Pension Credit itself can open the door to a wide range of additional support and so even after this deadline it is worth checking your eligibility.

To find out whether you are eligible:

Age UK have created an online Benefits Calculator, which will show you possible entitlements based on the information you provide. It is free to use and the details you provide are kept anonymous. Take a look today and see if you are entitled to Pension Credit or any other support!

Age UK Benefits Calculator

What to do if the calculator shows you could be entitled to Pension Credit: 

Once you have found out your potential benefits using the calculator, it’s handy to get the following things together ready to make your claim:

  • your National Insurance number
  • your bank account details
  • information about your income, savings and investments
  • information about your pension (if you have one)
  • details of any housing costs you have (such as a mortgage, interest payments or service charges)
  • your partner’s details, if you have a partner

You will then be ready for your application - 

  1. You can apply online - Information you will need to apply online - Apply for Pension Credit (apply-for-pension-credit.service.gov.uk)
  2. You can apply by phone - 0800 99 1234 or find further ways to apply Pension Credit: How to claim - GOV.UK (www.gov.uk)

There is further advice on Pension Credit from Age UK national below if you need any additional guidance on completing your application or understanding what Pension Credit can do for you 

 Pension credit advice