Cost of Living: Millions to get £650 in payments from next month

Millions will receive their £650 living expenses from next month

Rishi Sunak said the first part of the money would be paid on July 14 (Image: Getty/PA)

Millions of households across the country will receive their £650 living expenses from next month.

Rishi Sunak said more than eight million of the UK’s lowest income households will receive their first installment of £326 on July 14 to help with rising energy prices.

The second part will then follow in the autumn as part of a support package worth at least £1,200 for vulnerable families, which also includes a previously announced £150 tax refund.

The Chancellor said: “We have a responsibility to protect those who are paying the ultimate price for rising inflation and we are stepping up to help.”

EMBARGOED TO 0001 WEDNESDAY JUNE 15 File photo dated 26/01/18 of Money. Eight million households across the country will receive living expenses in their bank accounts from July 14 as part of the government's package to support households in the face of rising energy prices. Issue date: Wednesday June 15, 2022. PA Photo. From this date, a first installment of 326 euros will be paid to low-income households, the Ministry for Work and Pensions announced on Wednesday. The second part of the one-off payment of €650 will follow in the autumn as part of the €1,200 support that vulnerable households will receive this year, which also includes a previously announced €150 tax refund. See PA Story POLITICS CostofLiving. Photo credit should read: Dominic Lipinski/PA Wire

Legislation confirming the £650 as well as the other elements of the Government’s support package will be passed on Wednesday (Image: PA).

Soaring costs of petrol, utility bills, supermarket prices and more have seen families add hundreds to thousands of pounds to their regular bills.

Work and Pensions Secretary Therese Coffey said: “As millions of the lowest income households soon see the first of two cash payments ending up in their bank accounts, we are taking action to help families directly with living expenses.

“This one-off payment, totaling £650, is part of our £37 billion living expenses support package, which will put an additional £1,200 into the pockets of those most in need.”

Legislation confirming the £650 and other elements of the Government’s support package will be passed on Wednesday.

Under the government’s plan, pensioners will receive a £2.5bn payment in November/December alongside their winter fuel payment.

Every household in the country, regardless of how wealthy they are, will get a £400 rebate on energy bills, raising concerns the move will fuel inflation further.

The Chancellor announced the emergency cost-of-living support package last month, saying £5billion of the package would be paid for by a levy on the profits of oil and gas giants and around £10billion would be covered by additional borrowing.

Who is entitled to the living allowance?

Those households that receive needs-based benefits receive the subsidy.

This includes the following:

  • universal credit
  • Income-related unemployment benefit
  • social care
  • Employee tax credit
  • Income-related Employment and Support Allowance
  • child allowance
  • pension credit

Do I have to apply for a living allowance?

No – if you are eligible for the grant you will automatically receive the £650 spread over the two payments.

The Chancellor said: “Our policy this year will see a higher average payment of £650, while a 9% increase in the same benefits would only be worth an average of £530.”

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https://metro.co.uk/2022/06/14/cost-of-living-millions-to-start-receiving-650-payments-next-month-16829303/ Cost of Living: Millions to get £650 in payments from next month

Justin Scacco

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