{"id":239386,"date":"2023-10-25T12:07:47","date_gmt":"2023-10-25T12:07:47","guid":{"rendered":"https:\/\/lovemainstream.com\/?p=239386"},"modified":"2023-10-25T12:07:47","modified_gmt":"2023-10-25T12:07:47","slug":"martin-lewis-mse-reveals-exact-date-you-need-to-claim-for-599-cost-of-living-payments-or-miss-out-on-cash-the-sun","status":"publish","type":"post","link":"https:\/\/lovemainstream.com\/lifestyle\/martin-lewis-mse-reveals-exact-date-you-need-to-claim-for-599-cost-of-living-payments-or-miss-out-on-cash-the-sun\/","title":{"rendered":"Martin Lewis' MSE reveals exact date you need to claim for \u00a3599 cost of living payments or miss out on cash | The Sun"},"content":{"rendered":"
HUNDREDS of thousands of Brits are running out of time to claim cost of living payments worth up to \u00a3599. <\/p>\n
An estimated 1.4million pensioners are receiving pension credit which makes them eligible for a cost of living payment.\u00a0<\/p>\n
<\/p>\n
But there are\u00a0850,000 more pensioners eligible\u00a0for the benefit who aren't claiming it, Martin Lewis' MSE warned in its weekly newsletter.<\/p>\n
It means that they risk missing out on the\u00a0next\u00a0two\u00a0cost of living\u00a0payments worth \u00a3300 and \u00a3299.<\/p>\n
Households will receive the second instalment of the cost of living payment worth \u00a3300 directly into their bank accounts between October 31 and November 19.<\/p>\n
While the third instalment will go out in the\u00a0spring\u00a0of 2024.<\/p>\n
Usually, these payments are made automatically to those eligible for the\u00a0tax-free payment. <\/p>\n MSE said those eligible have until December 8 to make a claim for pension credit over the phone and until December 10 to make a claim online or they risk losing out on the cost of living payments.<\/p>\n This is provided applicants were of state pension age between 18 August 2023 and 17 September 2023.<\/p>\n It doesn't matter if you were only eligible for a day – as long as this day was within the qualifying period you'll get the cost of living payment.<\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n This will ensure that any payments can be backdated and fall within the qualifying period for the \u00a3300 cost of living payment.<\/p>\n Unfortunately, it's no longer possible for these applicants to get the first \u00a3301 payment, but it's still possible to get the next two payments worth \u00a3599.<\/p>\n Anyone over the state pension age living in\u00a0England,\u00a0Scotland\u00a0or\u00a0Wales is eligible for pension credit.<\/p>\n The state pension age is currently 66 for both men and women.<\/p>\n To qualify, you'll need to have a weekly income of less than \u00a3201.05 for single people or \u00a3306.85 for couples.<\/p>\n Your income is worked out taking into account various elements including:<\/p>\n The calculation does not include:<\/p>\n If your income is too high to get pension credit, you may still get some savings pension credit, so it's worth checking.<\/p>\n It used to be the case that couples, where one person was over state pension age, could claim, but new rules now mean that both people in a couple must be over retirement age to apply.<\/p>\n This means if you're single and move in with a partner who is younger than the state pension age, you will stop being eligible.<\/p>\n But if you're already receiving\u00a0pension credit\u00a0under the old system it won't stop unless your circumstances change.<\/p>\n There are two parts to the pension credit and pensioners can be eligible for one or both. <\/p>\n You may also get additional pension credit if you are disabled, have caring responsibilities or have to pay certain housing costs such as mortgage interest payments.<\/p>\n You can apply for pension credit four months before you reach state pension age.<\/p>\n Applications for pension credit can be made on the government website or by ringing the pension credit claim line on 0800 99 1234.<\/p>\n You will need: <\/p>\n Your partner will also need to provide their information if you have one. <\/p>\n Your benefits will usually be paid into a bank account around every four weeks.<\/p>\n You will be asked to provide your bank account details when you claim though concessions are sometimes made for people who don't have access to a bank account.<\/p>\n<\/picture>CASH BOOST <\/span><\/p>\n
Martin Lewis' MSE reveals how you can get \u00a3205 free cash WITHOUT switching banks<\/h3>\n
<\/picture>CASH IN <\/span><\/p>\n
Exact date you need to claim for \u00a3599 cost of living payment or miss out on cash<\/h3>\n
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