A Guide to the Cost of Living Financial Support for Older People in Wales

Cost of Living Financial Support 2022/2023 - What does it mean for you?

On 26 May 2022 the Chancellor, Rishi Sunak, announced a range of financial support measures to help all households in the UK deal with the increase in daily living costs. This guide takes you through the separate measures.

Energy Bills Support Scheme: £400

How much?                       £400

Who is eligible?                Every person who has a domestic electricity account 

How will I receive it?      Automatically from your supplier

When?                                At some point between October 2022 and March 2023

 

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All domestic electricity customers, with an electricity account in their name, will receive £400 direct from their electricity supplier. Electricity suppliers will automatically issue the £400 credit depending on how you pay.

If you have a prepayment meter your electricity supplier will add £400 credit to the meter or issue you a voucher, if you pay by direct debit, or pay quarterly bills your electricity account will receive £400 credit.

This £400 credit replaces the original £200 loan that UK Government announced earlier this year. You will not need to repay the £400.

For further information on the services provided by A Guide to the Cost of Living Financial Support for Older People in Wales, please feel free to contact us or ask someone to contact us on your behalf.

One-off Pensioner Cost of Living Payment £300

How much?                     £300                    

Who is eligible?                People aged 66 or above between 19th and 25th September 2022

How will I receive it?       Automatically, likely by direct debit

When?                                November / December 2022

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This is a one-off payment which will be made to all people who receive one of the above benefits, it is to help meet the extra costs that people living with disabilities may have to bear. If you receive a means tested benefit alongside a disability benefit from the above list, the Disability Cost of Living Payment of £150 will be paid in addition to the £650 Cost of Living Payment.

The payment is tax-free and will not impact existing benefit claims or receipts.

To be eligible, you must either have had a live claim for one of the above disability benefits on 25th May 2022 or have had a live application on 25th May 2022 that later becomes successful.

For further information on the services provided by A Guide to the Cost of Living Financial Support for Older People in Wales, please feel free to contact us or ask someone to contact us on your behalf.

Cost of living Payment £650

How much?                        £650

Who is eligible?                Each household that receives at least one of these benefits:

  • Pension Credit
  • Universal Credit
  • Income-based Jobseekers Allowance
  • Income-related Employment and Support Allowance
  • Income Support
  • Working Tax Credit
  • Child Tax Credit

How will I receive it?       In two instalments, automatically in the account where your benefit is paid.

When?                                First instalment in July, second instalment Autumn 2022

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This payment is tax-free and will not impact existing benefit claims or receipts. Details are still being finalised, and it is important to note that there are some restrictions on eligibility. To receive the first instalment, you must either have had a live claim on 25th May 2022 or have had an application on 25th May 2022 that later becomes successful.

For further information on the services provided by A Guide to the Cost of Living Financial Support for Older People in Wales, please feel free to contact us or ask someone to contact us on your behalf.

Disability Cost of Living Payment £150

How much?                       £150

Who is eligible?                Each person who receives at least one of these benefits:

  • Disability Living Allowance
  • Personal Independence Payment
  • Attendance Allowance
  • Scottish Disability Benefits
  • Armed Forces Independence Payment
  • Constant Attendance Allowance
  • War Pension Mobility Supplement

How will I receive it?      Automatically in the account where your benefit is paid

When?                                September 2022

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This payment is a one-off top up to the annual Winter Fuel Payment, it is tax free and will not affect any other benefits people may receive.

For further information on the services provided by A Guide to the Cost of Living Financial Support for Older People in Wales, please feel free to contact us or ask someone to contact us on your behalf.

Useful Links 

You can find out more here: Cost of living support factsheet: 26 May 2022 - GOV.UK (www.gov.uk)

Welsh Government will run a Winter Fuel Support Scheme over Autumn and Winter 2022 / 2023, details to be confirmed.

If you are unsure whether you are entitled to any of the above benefits, there are a number of good, independent resources available. Here are some options:

 

Summary

This simple table summarises all the financial support outlined above.

Benefit

How much?

Who is eligible?

How will I receive it?

When?

Energy Bills Support Scheme

£400

Every person who has a domestic electricity account 

Automatically from your supplier

Between October 2022 and March 2023

One-off Pensioner Cost of Living Payment

£300

People aged 66 or above between 19th and 25th September 2022

Automatically, likely by direct debit

November / December 2022

Cost of living Payment

£650

Each household that receives at least one of these benefits: PC, UC, JSA, ESA, IS, WTC, CTC

2 instalments of £325, automatically in the account where your benefit is paid.

November / December 2022

Disability Cost of Living Payment

£150

People receiving at least one of these: DLA, PIP, AA, AFIP, CAA, WPMS

Automatically into the account where your benefit is paid

September 2022

 

 

Benefits Acronyms

AA = Attendance Allowance

AFIP = Armed Forces Independence Payment

CAA = Constant Attendance Allowance

CTC = Child Tax Credit

DLA = disability Living Allowance

ESA = Employment and Support Allowance

IS = Income Support

JSA= Jobseekers Allowance

PC = Pension Credit

PIP = Personal Independence Payment

UC = Universal Credit

WPMS = War Pension Mobility Supplement

WTC = Working Tax Credit