The current cost of living crisis has financially crippled millions of desperate low-income households across the UK, including in Leeds.
Petrol and diesel prices are skyrocketing to astronomical heights, groceries are getting more expensive, monthly energy bills are rising – all of this is putting enormous pressure on low-income households in Leeds.
With UK Inflation Ranking at 9.90% – which is its highest rate in 40 years – the government is trying to allay those concerns by delivering a £37billion support package.
Here’s everything you need to know about the second cost of living payment, like when it will be paid, the criteria you need to meet to be eligible and how to apply for and claim it in Leeds.
What is the cost of living payment?
Direct payments to help with the UK’s soaring cost of living will be made to all eight million eligible people at press time.
This involves two different payments which total £650.
The first payment to eligible households of £326 was made in July, while the second will be the remaining £324.
Who is eligible for the cost of living payment?
The £650 cost of living payment will support more than eight million eligible households across the country.
This includes all households in Leeds who are already entitled to payment of the following benefits:
- Universal Credit
- Income-Based Jobseeker’s Allowance
- Employment and Income Support Benefit
- Income support
- Work Tax Credit
- Child tax credit
- Pension credit
To be eligible for the second installment of £324, you must have been entitled to one of the above benefits between 26 April 2022 and 25 May 2022.
How will the cost of living payment be paid?
Payment will be paid directly into the bank accounts of eligible households and individuals.
When will people in Leeds get the payment?
The first installment of the payment was issued on July 31, 2022.
Those who were eligible for the first installment and are claimants of the tax credit will receive the first installment this fall.
The final cost of living payment will appear in the bank accounts of eligible individuals by October 1, 2022.