Cost Of Living payment London 2022: DWP reveals when second instalment will be paid - am I eligible?

This is second instalment following the £326 payment paid out in July

Millions of households across the UK will receive their second cost of living payment, including thousands from London.

People eligible for the cost of living payment would have received the first instalment of £326 back in July, with the second payment of £324 set to be paid next month.

The Department for Work and Pensions (DWP) said that those on means-tested benefits will get the second instalment paid directly into their bank, building society or credit union account from November 8, through to November 23.

Work and Pensions Secretary, Chloe Smith said: “Millions of families will soon see a £324 cash boost as part of our extensive £1,200 support package, helping to raise incomes and manage the rising cost of living.

“We understand that people are struggling which is why and we’re committed to supporting the most vulnerable households.

“That’s also why we are focused on driving growth and delivering quality public services so we can continue to support those in need through these challenging times while boosting opportunity for all.”

Chancellor of the Exchequer, Kwasi Kwarteng added: “We know that people have been worried about their bills ahead of this winter, which is why we’ve taken decisive action to hold down energy bills, saving the average household around £1,000 a year, and provided £1,200 of targeted support to the most vulnerable.

“Without our intervention, analysts were predicting that the average annual energy bill could have reached £6,500 next year. We were never going to let this happen.

“Our Growth Plan will also leave more money in people’s pockets and, over the longer term, help drive economic growth – the only way to permanently boost everyone’s living standards.”

What is the cost of living payment?

The £650 cost of living payment is the largest part of a £1,200 government support package for vulnerable households designed to help with rising prices - specifically skyrocketing energy bills.

The first payment of £326 was made in July and appeared in accounts as "DWP Cost of Living".

The November transfer is the final part of this particular support. There are no rules on what the payment should be spent on.

Who is eligible for the cost of living payment?

A household may be eligible for the £650 cost-of-living payments if it receives any of the following benefits:

  • Universal Credit
  • income-based Jobseekers Allowance
  • income-related Employment and Support Allowance
  • Income Support
  • working tax credit
  • child tax credit
  • pension credit

For more information, visit the Government website.

Have any other payments been made?

In order to help millions battle the cost of living crisis which has left many financially strained, other payments have been made.

These include disabled people having been paid a separate £150 Disability Cost of Living Payment, whilst over eight million pensioner households will receive an extra one-off £300 Winter Fuel Payment this year as prices skyrocketed in the wake of Russia’s invasion of Ukraine.

To help vulnerable people with essentials, an extra £421 million was provided, and was named the Household Support Fund.

In addition, a £150 Council Tax rebate was sent earlier this year to those in Council Tax bands A-D in England.