{"id":188325,"date":"2023-10-30T10:45:42","date_gmt":"2023-10-30T10:45:42","guid":{"rendered":"https:\/\/newsneednews.com\/?p=188325"},"modified":"2023-10-30T10:45:42","modified_gmt":"2023-10-30T10:45:42","slug":"one-off-payment-worth-300-landing-in-millions-of-bank-accounts-from-tomorrow-exact-code-to-spot-if-youre-getting-it-the-sun","status":"publish","type":"post","link":"https:\/\/newsneednews.com\/lifestyle\/one-off-payment-worth-300-landing-in-millions-of-bank-accounts-from-tomorrow-exact-code-to-spot-if-youre-getting-it-the-sun\/","title":{"rendered":"One-off payment worth \u00a3300 landing in millions of bank accounts from TOMORROW – exact code to spot if you\u2019re getting it | The Sun"},"content":{"rendered":"
MILLIONS of households are set to receive a \u00a3300 free cash from tomorrow – and they should look out for a specific code.<\/p>\n
Households on certain\u00a0benefits will receive the second cost of living payment directly into their\u00a0bank\u00a0accounts from October 31.<\/p>\n
<\/p>\n
The cash is being dished out from Tuesday until November 19.<\/p>\n
Those in line for the\u00a0tax-free\u00a0payment don't have to do anything as it is being made automatically.<\/p>\n
But they should look out for a specific code which will tell them it is the\u00a0cost of living\u00a0payment.<\/p>\n
Anyone receiving a payment from the DWP will see "DWP COL" show up in their statement, preceded by their\u00a0National Insurance\u00a0number.<\/p>\n
Meanwhile, anyone being paid by HMRC will see "HMRC COLS" instead.<\/p>\n As an example, if your NI number is JT 83 42 97B your payment will show up as "JT 83 42 97B DWP COL" or "JT 83 42 97B HMRC COLS".<\/p>\n The full list of benefits that qualify people for the payment is:<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n Those on just working tax credits or child tax credits will receive their payment from HMRC. Everyone else will be paid by the DWP.<\/p>\n Crucially, you will need to have been paid one of the above benefits between August 18 and September 17 to be eligible for the \u00a3300 payment.<\/p>\n If you were later found to be entitled to any of the above benefits between the same dates, don't worry, as you will still be eligible.<\/p>\n Households on tax credits only will receive their payment from HMRC between November 10 and 19.<\/p>\n This is to ensure those receiving other qualifying benefits on top of tax credits will not get the payment twice.<\/p>\n The \u00a3300 payment comes as the second instalment of three being issued by the\u00a0Government.<\/p>\n The first, worth \u00a3301, was paid out to over eight million households in April and May.<\/p>\n The third, worth \u00a3299, will land in eligible people's bank accounts in spring 2024, although a specific date has not yet been confirmed.<\/p>\n It follows the first \u00a3650 payment made to over eight million people last year.<\/p>\n If you aren't set to receive the second instalment of the cost of living cash don't worry because there is more help available to you. <\/p>\n A separate \u00a3300\u00a0pensioner Cost of Living payment\u00a0will follow from November, but an exact date is yet to be announced.<\/p>\n If you are entitled to a Winter Fuel Payment (WFP) for Winter 2023 to 2024, you will get the extra cash paid with your normal WFP\u00a0money.<\/p>\n The WFP is worth up to \u00a3300 on its own, so if you're eligible you could be in-line to get \u00a3600 in total.<\/p>\n Plus the \u00a3150\u00a0Warm Home Discount\u00a0started being applied from October 16.<\/p>\n Households can get \u00a3150 off their electricity bill for winter 2023 to 2024 through the\u00a0Warm Home Discount scheme.<\/p>\n The money is not paid to you but is a one-off discount applied to your electricity bill between now and March every year.<\/p>\n Hard-up households across the country can get \u00a325 a week in support when temperatures drop.<\/p>\n Those\u00a0eligible for a cold weather payment get \u00a325\u00a0for each seven-day period\u00a0of\u00a0incredibly cold weather\u00a0between November 1 and March 31.<\/p>\n Those on Universal Credit and other benefits could be eligible for an additional boost as Christmas<\/span> quickly approaches.<\/p>\n The Department for Work and\u00a0Pensions\u00a0usually pays up during the first full week of December, and this year it's expected households will receive \u00a310.<\/p>\n The best part is, you don't have to do anything – if you're eligible, it will be paid into the account where you normally get benefit payments.<\/p>\n Do you have a money problem that needs sorting? Get in touch by emailing\u00a0money-sm@news.co.uk<\/strong>.<\/p>\n You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group\u00a0members.<\/strong><\/p>\n<\/picture>CASH IN <\/span><\/p>\n
Full list of benefits eligible for cost of living payment hitting bank accounts<\/h3>\n
<\/picture>BANK BOOST <\/span><\/p>\n
Full list of benefits eligible for \u00a3150 cost of living payment coming in weeks<\/h3>\n
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