When should I receive my £301 cost of living payment by? May 2023 date

As the cost of living crisis continues, financial help for those most in need has been rolled out to millions across the UK.

Households have been feeling the squeeze with energy bills, council tax, and water bills all having risen lately.

A further three cost of living payments were announced this year to help ease the pressure on Britons trying to pinch pennies.

This was announced by Chancellor of the Exchequer Jeremy Hunt in his Autumn statement and will apply to more than eight million eligible, means-tested people, according to the Department for Work and Pensions (DWP).

But when should the payment arrive? Here’s what we know.

When should I receive my £301 cost of living payment by?

The first of three cost of living payments due this year began rolling out on April 25 and will continue to do so until tomorrow (May 17).

If you receive tax credits and no other benefits, you should have already received your payment between May 2 and May 9.

A second payment of £300 is expected in autumn and a third of £299 in 2024.

Those eligible will be receiving at least one of the following benefits:

The money will be paid directly into bank accounts and there is no need to apply.

Other payments are due to be rolled out this year to lend a helping hand, including a one-off £150 payment for eligible disabled people and an extra £300 for pensioners who were entitled to the Winter (Winter Sale is here) Fuel Payment.

What should I do if my payment is late?

If you haven’t received the first cost of living payment, it is advised to just wait and see if it arrives.

The money began arriving last month and is slated to continue landing in bank accounts until May 17 – so there is still time.

The Government website also states that the payment could arrive late in your bank account for other reasons.

This could include changing the bank account that your benefits are paid into, or that you were awarded a qualifying benefit at a later date.

If you haven’t received the first cost of living payment, you can contact the government department which usually issues your benefits payments to highlight the issue.

From there, they can see if there has been a mistake or if it is a simple delay in the payment.

Full details are available on the government cost of living payment page.

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