Millions of households across the UK will receive £300 from the government between 31 October and 19 November.
It is the second of three cost of living payments – totalling £900 – being sent directly from the Department for Work and Pensions (DWP).
Eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
The money is being sent out automatically and directly, meaning those who are eligible do not need to apply, contact the government, or take any action to receive it.
Potential recipients should be wary of any email scams or text messages purporting to be from the DWP and asking for personal details.
The payment reference for bank accounts will be the recipient’s National Insurance Number followed by DWP COL or HMRC COLS.
It is part of a package of support with the average household being paid £3,300 in the past year, Chancellor of the Exchequer Jeremy Hunt says.
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What benefits qualify for the payment?
To receive the payment, you must have received one of the following between 18 August and 17 September.
- Universal Credit;
- Income-based Jobseekers Allowance;
- Income-related Employment and Support Allowance;
- Income Support;
- Working Tax Credit;
- Child Tax Credit;
- Pension Credit
Work and pensions minister Mel Stride said: “The best way we can boost bank balances is by bearing down on inflation, but as we get there, we are ensuring the most vulnerable households are cushioned from high prices with a further Cost of Living payment.
“Alongside this, thousands of Work Coaches across the country are helping find work, increase their hours and boost their skills.
“I encourage anyone who wants to progress their career and strengthen their finances to visit their local Jobcentre to find out what help is available.”