Cost of living: Pensioners may be eligible for £1,100 starting from tomorrow | Personal Finance | Finance
Pensioners are set to receive help as bills continue to soar, and the price of the weekly shop creeps up. In efforts to provide assistance, the former Chancellor Rishi Sunak announced a cost of living payment.
The Department for Work and Pensions (DWP) is set to start issuing the first element of the cost of living payment from tomorrow onwards.
In total, there are two payments which are worth £650.
By the end of this month, those who are eligible should receive a payment of £326.
Some pensioners could be set to receive even more support, particularly useful due to the news energy bills will rise going forward.
READ MORE: State pensioners call for end to ‘two-tier’ payment system
For most, the payment will be issued by direct debit.
The Government has also outlined the eligibility criteria for the £300 pay out.
Individuals must be over state pension age between September 19 – 25, 2022 to get the sum.
However, there are certain circumstances where people above state pension age may not qualify for the Winter Fuel Payment.
As such, the Government has urged pensioners to check on their website for further details.
