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Pensioner Cost of Living Payment

7 December 2023

The 2023-24 Cost of Living support aids 8 million households with three payments (£301, £300, £299). Pensioners receive a Winter Fuel Payment of £150 or £300 based on factors like age. HMRC notified eligible recipients in November about their expected payments.

The Cost of Living support package has been designed to help over 8 million households receiving mean tested benefits. Details for Cost of Living Payments due in the 2023-24 tax year were published this year and have recently updated.

Eligible recipients will receive up to three Cost of Living Payments of £301, £300 and £299 during the course of the current tax-year. This includes those receiving pension credit and these payments will be made separately from other benefit payments. The first payment of £301 was made between April-May 2023 and the second payment of £300 was paid during August-September 2023. The third payment of £299 is due to be paid during spring 2024.

An additional one-off payment of £150 or £300 will be paid to pensioners during winter 2023-24. The Winter Fuel Payment is provided by the government to help older people keep warm during winter. The amount a pensioner will receive depends on a number of factors including their age and the age of other people living with them. You can receive a Winter Fuel Payment for winter 2023-24 if you were born before 25 September 1957. HMRC completed writing to eligible recipients, at the end of November, telling them how much to expect as their payment.

Source: Department for Work & Pensions Tue, 05 Dec 2023 00:00:00 +0100

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