Cost of living payment – Exact date YOU can expect 2nd instalment of £650 cash – how to get it and who is eligible | The Sun

EIGHT million Brits living on low incomes were eligible for the Cost of Living crisis payment, that launched on Thursday July 14.

The first payment of £326 hit bank accounts from last Thursday onwards.

It's the first instalment of the £650 payment to those claiming Universal Credit, and certain other benefits.

But not everyone has received their payment yet.

You might be waiting for your first instalment, as payments are staggered and are being sent at different times.

If you are on Tax Credits, or being on Child Tax Credits, you will get benefits from HMRC instead of the Department of Work and Pensions, so it will arrive later.

To get the first cost of living payment, you must have been entitled to Universal Credit payments from April 26, 2022 to May 25, 2022.

As far as we know, the next payment will be made in autumn, most likely around October time, before temperatures start dropping.

Read our cost of living payments live blog below for the latest updates…

  • Lauren Lomas

    Sun’s vouchers! Check before you buy

    The Sun has vouchers for a whole range of shops, don’t miss out!

    From clothes to household appliances, and even groceries, you could grab some great savings.

    • 15 per cent off ASOS
    • 10 per cent of M&S
    • 15 per cent off Reebok online

    Click here to get all The Sun’s best deals!

    Sun’s vouchers! Check before you buy

    The Sun has vouchers for a whole range of shops, don’t miss out!

    From clothes to household appliances, and even groceries, you could grab some great savings.

    • 15 per cent off ASOS
    • 10 per cent of M&S
    • 15 per cent off Reebok online

    Click here to get all The Sun’s best deals!

    Everything you need to know about the Cost of Living payment

    The £650 payment is part of the £1,500 in support announced by the former Chancellor Rishi Sunak.

    You’re eligible for the payment if you claim any of the following benefits:

    • Universal credit
    • Income-based jobseeker’s allowance (JSA)
    • Income-related employment and support allowance (ESA)
    • Income support
    • Pension credit
    • Child tax credit
    • Working tax credit

    Click here to read more.

    • Lauren Lomas

      Important numbers to take note of

      The following organisations may be able to help if you are struggling with money woes.

      • National Debtline – 0808 808 4000
      • Step Change – 0800 138 1111
      • Citizens Advice – 0808 800 9060

      £650 grant: Which means-tested benefits make me eligible?

      The Government says its £650 grant will be rewarded to eight million households, especially those receiving the following, according to i News:

      Universal credit

      Income-based jobseeker’s allowance

      Income-related employment and support allowance

      Income support

      Working tax credit

      Child tax credit

      Pension creditEditDelete

      1/5 UK households have ‘negative disposable income’

      Brits are falling £60 short per week on average.

      This comes as many struggle to afford to pay their rent and have money for food and energy bills.

      Other outgoing costs such as travel, phone and energy bills are also totting up.

      The Guardian reported that the average household had £200 a week left, last month. This figure that has fallen for eight consecutive months.

      Cost of living payments: Everything you need to know

      • All the key dates for cost of living payments revealed
      • Every household will get a £400 cost of living payment to help with energy bills
      • See the full list of benefits eligible for £650 cost of living cash
      • Here’s free cash you can get if you DON’T qualify for the £650 cost of living payment
      • Millions of pensioners will get a £300 cost of living payment this winter
      • Disabled Brits will get £150 this September
      • Parents can get up to £200 towards school uniform costs

      MPs call for a pause in benefit deductions

      The automatic benefit deductions have come into question amongst MPs.

      Deductions are made when an error in payment has been made by the Department for Work and Pensions.

      Those who switched to Universal Credit were given advance payments, which they then pay back through deductions.

      Repayments are being calling into question by MP’s who think that it should be paused in order to give Brits financial “breathing space”.

      1/5 UK households have ‘negative disposable income’

      Brits are falling £60 short per week on average.

      This comes as many struggle to afford to pay their rent and have money for food and energy bills.

      Other outgoing costs such as travel, phone and energy bills are also totting up.

      The Guardian reported that the average household had £200 a week left, last month. This figure that has fallen for eight consecutive months.

      • Lauren Lomas

        Cost of Living payments not ‘sufficient’ as fuel prises rise to an ‘unacceptable’ level

        The Business Committee has conducted a report, urging the government to “update” it’s cost of living package.

        According to the BBC, the report says the current household bill is £2000 per year, “which follows a £700 a year rise in April.”

        The Business Committee said: “The impact of the energy price crisis on households is likely to cause an unacceptable rise in fuel poverty and hardship this winter.

        “The government must immediately update its support, targeting this at customers who are on low incomes, fuel poor, and vulnerable customers.”

      • Lauren Lomas

        Millions have just ONE MONTH to check for lost cash and you could be owed thousands

        The cash comes from so-called “dormant assets” which could include money in bank accounts that have been left untouched for a long time

        This could be from where people have forgotten or lost access to money they have in pensions, old bank accounts or shares. 

        It has been estimated that there is over £50billionn of cash out there, waiting to be found. 

        Banks, building societies and other financial companies must try to contact the account holders of any dormant assets.

        But if they are unable to track the owners down, the money goes to the government to be distributed for good causes.

        The Dormant Assets Scheme was recently expanded to include money in pensions, insurance products, investments and wealth management, and the securities sectors (a type of investment).

        This expansion is estimated to have unlocked a massive £880million in dormant assets, which the government is now thinking about how to redistribute. 

        Click here to read more on how to protect your dormant assets.

      • Louis Allwood

        Martin Lewis’s top money saving tips

        The Money Saving Expert has imparted wisdom once again on fans, with four ways to protect yourself before energy bills rocket to £3,240.

        He informed the public of his top tips via his Money Saving Expert website.

        • Fix your rate
        • Check for extra help from Universal Credit
        • Claim the Council Tax rebate if you are eligible
        • Cut down on usage

        Click here for more info.

        Try this government scheme to boost your savings

        The Government’s Help to Save scheme gives people on universal credit or working tax credit the chance to build savings during these difficult times.

        Savers can put away between £1 and £50 a month, and get a 50% bonus on all the money they’ve stashed away after two years, and another after four years.

        You won’t be penalised for dipping into the pot and you will still get the bonus even if some money is withdrawn.

        Gov’s cost of living package is NOT enough, committee claims

        Despite putting £37bn on the table, the government’s cost of living package is being eclipsed by rapidly rising bills and prices, a committee of experts has claimed.

        Thus, the Business Committee is demanding the Government immediately bolsters its help to save poorer families from a gruelling winter.

        Committee chair Darren Jones said: “Once again, the energy crisis is racing ahead of the Government.

        “To prevent millions from dropping into unmanageable debt, it is imperative the support package is updated and implemented before October when the squeeze will become a full-on throttling of household finances and further tip the economy towards recession.”

        Bills are set to skyrocket this October, following a massive hike earlier in the year.

        Overall, Brits can expect bills to increase by over 100% by the end of the year.

        On top of this, inflation is set to reach 11% in the coming weeks.

        Sun’s vouchers! Check before you buy

        The Sun has vouchers for a whole range of shops, don’t miss out!

        From clothes to household appliances, and even groceries, you could grab some great savings.

        • 15 per cent off ASOS
        • 10 per cent of M&S
        • 15 per cent off Reebok online

        Click here to get all The Sun’s best deals!

        • Lauren Lomas

          Everything you need to know about the Cost of Living payment

          The £650 payment is part of the £1,500 in support announced by the former Chancellor Rishi Sunak.

          You’re eligible for the payment if you claim any of the following benefits:

          • Universal credit
          • Income-based jobseeker’s allowance (JSA)
          • Income-related employment and support allowance (ESA)
          • Income support
          • Pension credit
          • Child tax credit
          • Working tax credit

          Click here to read more.

          Broadband bills expected to GO UP in the coming weeks

          Here is how to keep your broadband costs down as contracts expire.

          Comparison and switching site Uswitch.com is warning customers to check their bills as cheap deals are due to come to an end within days.

          If you took out a deal in the January sales last year, contracts that lasted 18 months contracts are coming to an end.

          BT has now partnered with family support charity Home-Start UK to offer an additional 2,500 financially vulnerable households free devices and free connectivity to Home Essentials. 

          The company is also partnering with charities, Buttle UK and Barnardos to trial a scheme called "Connected Families", which will give more families access to the internet through the tariff. 

          Click here to read more.

          I’m a proud bulk-buyer – the items you should always snap up

          Whether you're buying clothing, homeware or even just the weekly supermarket shop – there's nothing better than getting a good deal.

          And with the current cost of living crisis, when it comes to making big savings there's never 'too much of a good thing' – especially if you're also buying in bulk.

          Here, bulk-buying pro and business coach Hayley Merrick, 38, from Staffordshire, shares her top tips to bagging a bulk-buy bargain, and reveals the items she recommends stocking up on to save hundreds every year…

          She says: "I also bulk buy ingredients, things like porridge, dried fruit, hazelnuts, cacao powder, dried flowers for teas and homemade bath salts.

          "Also products like peanut butter, Himalayan salt and herbal teas, and I buy litre bottles of base oils, such as almond or sunflower oils.

          "The main benefits of bulk buying include saving time, money and knowing that you always have a supply of certain things you need.

          "Buying in bulk means less environmental impact including carbon footprint and reducing the amount of packaging."

          Click here to read more!

          Cost of living updates

          Keep informed with The Sun on the cost of living payments.

          Pick up some of the best money saving tips with The Sun.

          £650 grant: Which means-tested benefits make me eligible?

          The Government says its £650 grant will be rewarded to eight million households, especially those receiving the following, according to i News:

          Universal credit

          Income-based jobseeker’s allowance

          Income-related employment and support allowance

          Income support

          Working tax credit

          Child tax credit

          Pension creditEditDelete

          Cost of living payments: Everything you need to know

          • All the key dates for cost of living payments revealed
          • Every household will get a £400 cost of living payment to help with energy bills
          • See the full list of benefits eligible for £650 cost of living cash
          • Here’s free cash you can get if you DON’T qualify for the £650 cost of living payment
          • Millions of pensioners will get a £300 cost of living payment this winter
          • Disabled Brits will get £150 this September
          • Parents can get up to £200 towards school uniform costs
          • Lauren Lomas

            Important number's to take note of

            The following organisations may be able to help if you are struggling with money woes.

            • National Debtline – 0808 808 4000
            • Step Change – 0800 138 1111
            • Citizens Advice – 0808 800 9060

            1/5 UK households have 'negative disposable income'

            Brits are falling £60 short per week on average.

            This comes as many struggle to afford to pay their rent and have money for food and energy bills.

            Other outgoing costs such as travel, phone and energy bills are also totting up.

            The Guardian reported that the average household had £200 a week left, last month. This figure that has fallen for eight consecutive months.

            MPs call for a pause in benefit deductions

            The automatic benefit deductions have come into question amongst MPs.

            Deductions are made when an error in payment has been made by the Department for Work and Pensions.

            Those who switched to Universal Credit were given advance payments, which they then pay back through deductions.

            Repayments are being calling into question by MP's who think that it should be paused in order to give Brits financial "breathing space".

            Millions have just ONE MONTH to check for lost cash and you could be owed thousands

            The cash comes from so-called “dormant assets” which could include money in bank accounts that have been left untouched for a long time

            This could be from where people have forgotten or lost access to money they have in pensions, old bank accounts or shares. 

            It has been estimated that there is over £50billionn of cash out there, waiting to be found. 

            Banks, building societies and other financial companies must try to contact the account holders of any dormant assets.

            But if they are unable to track the owners down, the money goes to the government to be distributed for good causes.

            The Dormant Assets Scheme was recently expanded to include money in pensions, insurance products, investments and wealth management, and the securities sectors (a type of investment).

            This expansion is estimated to have unlocked a massive £880million in dormant assets, which the government is now thinking about how to redistribute. 

            Click here to read more on how to protect your dormant assets.

              Source: Read Full Article