The UK government introduced the £299 Cost of Living Payment in February 2024 to help low-income households cope with the ongoing cost-of-living crisis. This payment, which covers essential expenses like food, energy bills, and housing, is expected to provide relief for many individuals and families. As prices continue to rise, many are considering future payments and managing their finances.
This post provides details and an in-depth explanation of the £299 payment, outlining eligibility criteria, discussing other financial support options, and offering practical financial management advice.
DWP £299 Cost of Living Payment
The £299 Cost of Living Payment is the third installment in a government initiative to alleviate financial burdens during the cost-of-living crisis, aimed at providing relief to low-income households.
Who is Eligible for DWP £299 Cost of Living Payment
The £299 payment eligibility is determined by means-tested benefits received during specific qualifying periods. Those receiving any of the following benefits during the relevant months are likely to qualify.
- Child Tax Credits
- Income Support
- Income-based Jobseeker’s Allowance
- Income-related Employment and Support Allowance
- Pension Credit
- Universal Credit (unless subject to a ‘nil award’)
- Working Tax Credits
Payment Details for Eligible Benefits
| Amount | Eligible Benefits | Payment Dates |
| £301 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | Between 25 April and 17 May 2023 |
| £301 | Tax credits only (no other low-income benefit) | Between 2 May and 9 May 2023 |
| £300 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | Between 31 October and 19 November 2023 |
| £300 | Tax credits only (no other low-income benefit) | Between 10 November and 19 November 2023 |
| £299 | Universal Credit, Income-based JSA, Income-based ESA, Income Support, Pension Credit | Between 6 February and 22 February 2024 |
| £299 | Tax credits only (no other low-income benefit) | Between 16 February and 22 February 2024 |
Conclusion
£299 Cost of Living Payment in 2024 is a crucial financial aid for millions of UK households, marking the final installment for the 2023-2024 period. Other forms of assistance include the Household Support Fund and other benefits. To navigate the financial challenges caused by the cost-of-living crisis, individuals should maximize entitlements, budget, reduce energy costs, and seek help from charities and local councils.
