Next wave of cost-of-living payments to hit accounts

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By. Kevin Peachey
Cost of living correspondent

Cost-of-living payments worthy a whole bunch of kilos will arrive in thousands of people’s accounts from Wednesday

More. than eleven million pensioners will receive steady winter gas payments boosted by an additional £300 this year

A. million people on tax credit can also count on to see a second cost-of-living check arrive in their bank accounts over the subsequent week

However,. recipients were warned to look out for fraudsters who would exploit the situation

Anyone. contacting people immediately about cost-of-living payments may be con artists making an attempt to steal personal details, the tax authority is warning

The. latest payments are in addition to the £400 being distributed to every household, and the Energy Price Guarantee, which caps the worth that suppliers can charge

“We. want to do everything we can to help pensioners who are usually the most exposed to bigger costs,” pronounced Work and Pensions Secretary Mel Stride.

“As we deal with the influence of Putin’s unlawful conflict in Ukraine and the aftermath of the pandemic, we will proceed to stand by the most vulnerable, with further cost-of-living payments coming subsequent year,” he added.

For the great majority of pensioners, the additional help with winter power bills will be instantly paid into their accounts within the subsequent two months. However people who do not receive benefits or the state pension will want to make a claim

The. dollars will appear on bank statements with the check reference beginning with the customer’s national Insurance number followed by ‘DWP WFP’ for people in Great Britain, or ‘DFC WFP’ for people in Northern Ireland.

About one million people in receipt of tax credit will receive their second cost-of-living help check of £324, also aimed at supporting with bigger power bills

Another. seven million people on low incomes who receive sure benefits were given cost-of-living help in latest weeks

Help. with bills

A range of cost-of-living payments are being provided to eligible households by the government in the course of the second half of the year, on prime of the £400 discount for all billpayers

Those. on low-incomes and receiving various benefits are being paid £650 in two instalments. The second check went out to the great majority of them in latest weeks

People. who qualify via their tax credit award, rather than via other benefits, received their first check between 2 and 7 September. The check being rolled out now is their second

The. latest check reference in their account will be “HMRC COLS”.

HM Revenue and Customs (HMRC), which administers tax credit and this specific payment, has warned everyone to be conscious of fraudsters taking the possibility it provides to steal personal details

It. warned that any individual contacting you out of the blue about cost-of-living payments saying they are from HMRC, may be half of a scam

HMRC. pronounced it would by no means ask for bank details by textual content message or email

Further. cost-of-living payments will be despatched out subsequent year, including:

  • £900 in instalments to low-income households on means-tested benefits
  • £300 for pensioner households
  • £150 to people on sure disability benefits

The government, which made the announcement in the course of the Autumn Statement, pronounced it would publish details about the timing of the payments in due course

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