Do pensioners get cost of living payment? Support explained

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Though the triple-lock pension is set to return in April 2023, those drawing the state pension will likely struggle to keep up with skyrocketing inflation

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So do retirees get this living allowance – and when can they expect it?

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Here’s everything you need to know.

Do older people receive the one-time living allowance? (Image: Adobe)

What is the cost of living?

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More than eight million households receiving benefits based on their income are set to receive £650 in two installments, with the first £326 due to arrive from Thursday (July 14).

The second installment of £324 will be paid in the autumn.

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Beneficiaries of these benefits receive support:

  • universal credit
  • Labor Tax Credit
  • child allowance
  • pension credit
  • Income-related unemployment benefit
  • Income-related Employment and Support Allowance
  • social care
Eight million households are said to be eligible for the cost-of-living premium (Image: PA)

Do pensioners get the living expenses?

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Most people who draw the state pension are not entitled to living expenses.

As mentioned above, the only retirees who receive a pension credit receive government support.

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Pension Credits are for people in England, Scotland and Wales who are over the legal retirement age but need additional support for living expenses such as basic rent or utilities.

People who need to care for a partner or whose partner is not on a state pension but is dependent on benefits can apply for this additional support.

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A sum of £300 will be paid direct to pensioners, as will their winter benefit.

How has the cost of living crisis affected retirees?

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The utility benchmark is collected in September before being implemented the following April.

This means that while retirees will struggle this year, they could expect an increase of up to 10% in April 2023.

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