Millions of households will receive the autumn cost of living payment from October 31 until November 19. However, only certain means-tested benefits and Tax Credits will qualify someone to receive the extra £300.
It's important to note that you may still receive the cost of living payment if you receive one of the following benefits alongside a qualifying one.
A qualifying benefit can include Universal Credit, Income-based Jobseekers Allowance, Income-related Employment and Support Allowance, Income Support, and Working Tax Credit.
Here's a breakdown of all the benefits that will not qualify you for the autumn cost of living payment. Read more: HMRC urges hundreds of thousands of young adults to check if they're owed £2,000 If you claim one of the following benefits, you will not be eligible for the cost of living payment: Read more: Savers could earn extra with record average rates not seen in nearly 15 years Guidance on GOV.UK explains: "You will not be eligible for the Cost of Living Payment if your benefit is reduced to £0 for the qualifying period." This is sometimes called a ‘nil award’. Reasons your benefit may be reduced to £0 include: You may still be eligible for a cost of living payment if your benefit is reduced to £0 and one of the following applies:
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