How many Cost of Living Payments will there be in 2023?

As the cost of living crisis continues into 2023, many could use an income boost.

So, this year’s Cost of Living Payments will surely come in handy for recipients, when having to deal with the likes of food price inflation and high energy bills.

Now that May 2023’s £301 Cost of Living Payment has landed in plenty of bank accounts, you may be wondering when the next one is due, and how many are still to come as you look at your finances.

Here’s all the Cost of Living Payments due this year.

How many Cost of Living Payments will there be in 2023?

There are a total of five Cost of Living Payments being made for 2023/24.

Three Cost of Living Payments for eligible people on certain benefits – totalling £900 – are expected, with two of them arriving in 2023.

Woman reading energy smart meter amid cost of living crisis — The Cost of Living Payment can help with paying bills and other household costs (Picture: Getty Images/iStockphoto)

One should have already arrived in May 2023 for most people, with another due later in the year. The final payment is expected to arrive in spring next year.

Two further payments, a Disability Cost of Living Payment and Pensioner Cost of Living Payment, are also expected to arrive later in 2023 for those eligible to receive them.

Here’s a breakdown of what’s due and when:

When are Cost of Living Payments due in 2023?

The first Cost of Living Payment, worth £301, will have arrived between April 25 and May 17 for most people on DWP benefits, or between May 2 and May 9 for most people who receive HMRC tax credits
The Disability Cost of Living Payment, worth £150, is due to arrive inSummer (Summer is Here SALE)r 2023, with the exact date TBC
The second Cost of Living Payment, worth £300, is due to arrive in autumn 2023, with the exact date TBC
The Pensioner Cost of Living Payment, worth either £150 or £300, is expected to arrive from November 2023, alongside the Winter (Winter Sale is here) Fuel Payment
The third Cost of Living Payment, worth £299, is due to arrive in spring 2024, with the exact date TBC.

Not every person on benefits is eligible to receive them, so do check on gov.uk to see if you are on a qualifying benefit.

However, you don’t need to apply for these Cost of Living Payments if you arein fact eligible.

Young woman shopping vegetables in supermarket — More support payments are due in Summer (Summer is Here SALE)r, autumn, Winter (Winter Sale is here) and next spring (Picture: Getty Images)

Payments should arrive automatically in the same way you typically receive your benefits or tax credits.

As gov.uk explained when the first Cost of Living Payment began to be paid out in May 2023, it will appear in your bank account alongside the reference ‘DWP COL’ or ‘HMRC COLS’ plus your National Insurance (NI) number.

That said, if you think you’re entitled to the Winter (Winter Sale is here) Fuel Payment (the decider for the Pensioner Cost of Living Payment) but don’t already get it automatically, you can make a claim on gov.uk.

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MORE : Who is eligible for £400 energy support as May 31 deadline approaches?

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