How the price of residing £299 cost for 2024 has arrived | EUROtoday

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Households ought to begin to obtain the third £299 cost-of-living cost from right this moment.

It is the third of as much as three funds totalling as much as £900 paid to eligible households on means-tested advantages over 2023/24 and comes as a part of a assist package deal that has been serving to households since autumn 2021.

Payments will likely be made throughout the UK by the Department for Work and Pensions (DWP) between February 6 and 22.

Households receiving tax credit solely will obtain funds from HM Revenue and Customs (HMRC) between February 16 and 22.

The funds will likely be despatched out robotically and recipients don’t want to use to obtain them.

Mel Stride, Secretary of State for Work and Pensions, stated: “The economy has turned a corner, and with inflation falling we are providing millions of the most vulnerable households with another significant cash boost.”

The cost will likely be made individually out of your profit funds.

The UK Government stated it can proceed to assist susceptible individuals with the price of residing from April by uprating advantages in keeping with inflation by 6.7% and sustaining the triple lock and rising the state pension by 8.5%, amongst different measures.

People can examine the Help for Households web site to see what cost-of-living schemes can be found.

According to figures launched by the Insolvency Service final week, the variety of individuals needing respiration house from their money owed jumped by 25% in 2023 in contrast with the earlier yr.

Across England and Wales, there have been 88,390 registered respiration areas in 2023, comprising 86,928 customary and 1,462 psychological well being respiration house registrations, the Insolvency Service stated.

An ordinary respiration house is on the market to individuals with drawback debt and offers authorized protections from creditor motion for as much as 60 days.

A psychological well being disaster respiration house is on the market to somebody who’s receiving psychological well being disaster remedy.

It lasts so long as the individual’s psychological well being disaster remedy, plus 30 days.

What to do should you haven’t acquired your price of residing cost:

If you have been anticipating one of many following Cost of Living Payments however haven’t acquired it, you’ll be able to report it as lacking right here.

Before reporting a lacking cost, examine your financial institution, constructing society or credit score union account, or your Payment Exception Service voucher receipt. The cost will likely be made individually out of your profit.

What different winter advantages are there?

There are three key assist schemes obtainable to individuals as chilly climate hits within the winter months:

Cold Weather Payments

A chilly snap initially of the yr noticed many postcodes qualify for the Cold Weather Payment. If you reside in an space that has skilled seven or extra days of temperatures at or under zero, you might be eligible for £25 for each seven days of chilly. In Scotland, this scheme was lately changed with the Winter Heating Payment.

Warm Home Discount

If you might be on a low-income and have excessive power prices, you would get a one-off £150 cost to assist together with your payments. You may even qualify should you get the Guarantee Credit aspect of Pension Credit. The low cost ought to be utilized to your power payments between October 2023 and March 2024. The scheme works barely in another way for Scottish candidates.

You ought to obtain a letter in January 2024 should you could be eligible. If you don’t, you must contact the DWP earlier than 29 February 2024.

Winter Fuel Payment

You will robotically qualify for this in case you are over the state pension age (66 years outdated) and stay within the UK. The low cost grants you between £250 and £600 to assist pay your heating payments. You don’t want to use should you at present obtain a state pension, or most different advantages. If you don’t, it’s possible you’ll want to use.

The low cost cash ought to have robotically entered your account in October or November.