The government has announced new cost of living payments and measures to relieve households which Chancellor Jeremy Hunt outlined in the Autumn Statement.
Here are the new cost of living payments you can expect in 2023:
- £900 for low income households
- £300 payment for pensioners
- £150 disability payment
- £200 oil heating payment
Most measures announced are the same or similar to the cost of living help households received this year (2022).
Chancellor Jeremy Hunt said: “We will also provide an additional £1 billion of funding to enable a further twelve-month extension to the Household Support Fund, helping Local Authorities to assist those who might otherwise fall through the cracks.”
We explain what Sunak’s cost of living package means for you, who is eligible and how to get it.
£900 payment for low income households
A payment to vulnerable households on a low income will receive a £900 payment who are on means-tested benefits. These include Universal Credit, Pension Credit, Tax Credits, Working Tax Credits and Child Tax Credits.
This is a £250 increase in payment for low income households compared to this year (2022), where the cost of living payment stood at £650.
No further details have been announced on this payment in terms of dates and how it will be paid. But we can assume eligibility will be the same as the last cost of living payment:
You need to be claiming one of the above benefits from at least 25 May 2022 onwards.
£300 payment for pensioners
This payment to 8 million pensioner households will continue from this year, but again no details on when or how this payment will be made.
The £300 is for those on Pension Credit or Disability Benefits in addition to the £900 low income payment.
£150 disability payment
Disabled people are also amongst the vulnerable who will receive a payment of £150, the same as what they received this year (2022).
Around six million people on non means-tested disability benefits will receive the payments. When more is announced on when and how it is paid, we will update you.
To be eligible, you must be claiming one of the following benefits: Disability Living Allowance, Personal Independence Payment, Attendance Allowance, Scottish Disability Benefits, Armed Forces Independence Payment, Constant Attendance Allowance or War Pension Mobility Supplement.
Some of the eligible might also get the £900 low income payment.
£200 oil heating payment
Households who have oil heating will receive a £200 payment- that is a £100 rise from what they received this year.
Details on when and how this will be paid is still to be announced.
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