Advice NI are urging people to be aware of scammers as the payments are set to be released
The Department of Work and Pensions has announced that the first 2023 Cost of Living Payment is due to hit bank accounts between April 25 and May 17, 2023. It will provide financial relief to eligible individuals and families to help ease the burden of rising everyday expenses such as food, utilities, and transportation.
She explained: "This payment will provide support to those who are most vulnerable in facing the harsh reality of rising living costs and financial insecurity. It will help in tackling large energy bills for these given months and allow individuals and families to access basis necessities.”Below Sinead explains everything you need to know about the 2023 Cost of Living Payments.
How will the payment be made? The payment will be made automatically to eligible individuals and families, with the first payment expected from April 25 to May 17, the second payment in Autumn 2023 and the third in Spring 2024. How to further reduce the impact of the cost-of-living crisis For those who are not eligible for the 2023 Cost of Living Payment, there are still steps they can take to reduce the impact of the cost of living crisis. One option is to create a budget and stick to it, tracking expenses and finding areas where costs can be cut.
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