If you’re scouring the internet for content to discover the essential elements to meet to be eligible for living aid, this is the right place to start. In this post, we’re going to look at the most recent announcement of chancellor Jeremy Hunt. Recently Chancellor Jeremy Hunt gave a statement about the latest costs of living assistance during the November Autumn Statement. In the sections that follow this article, we’ve included the speech made of the chancellor. Make sure you are glued to this page and make sure to be sure to read the next sections in this piece.
900 Cost Of Living Payment Eligibility
According to the most recent announcement of the chancellor, over 8 million Britons are qualified for cost-of-living assistance and will receive PS900 starting in the Spring of this year. In the most recent cost of living assistance, more than eight million Britons are eligible to be paid PS900. The Department for Work and Pensions announced on the 3rd of January that the money will be paid out in three installments. The funds will be directly credited to the accounts of Britons during the period of financial benefit for those who claim the following benefits from the state including Income-based Jobseekers’ Allowance, Universal Credit and Income-related Employment and Support Allowance, Child Tax Credit, and Income Support. Working Tax Credit as well as Pension Credit.
The dates for the most recent installment of payments haven’t been established, however, the anticipated timeframe for payment is as follows:
- £301 – First Cost of Living Payment (during spring 2023)
- £150 – Disability Payment (during summer 2023)
- £300 – Second Cost of Living Payment (during autumn 2023)
- £300 – Pensioner Payment (during winter 2023/24)
- £299 – Third Cost of Living Payment (during spring 2024)
The Hon. Hunt said I know that these are difficult times in the lives of families throughout the UK who struggle to cope with increasing energy and food costs caused by the aftermath of Covid and the war between Putin and Ukraine. This is why we’re planning to put another PS900 in the pockets of more than eight million households living in poverty in the next year. This is in addition to the above-inflation increase in benefits for working age and The Energy Price Guarantee that shields millions from the rising global price of gas.
He continued to say that the main goal of the government is to fight inflation and this is the sole solution to ease the pressure of high costs, boost living standards, and support long future economic growth. Mel Stride who is Work and Pensions Secretary said that we’re sticking to our commitment to protect those who are most vulnerable. These benefits which are several hundred pounds will provide crucial aid next year to those with the lowest incomes.