Families receive first cost of living payments

Jul 15, 2022

Families across the UK will start receiving their first cost of living payment of £326 from this week until 31 July.

As part of the Government's £37 billion support package for the cost of living crisis, the payments are being given to over 8 million means-tested households to help offset the cost of living crisis.

The second instalment of £324 will be paid in autumn, with separate payments for pensioners and disabled people also coming later this year.

In addition to the £650 cost of living payment, all domestic energy customers will receive a £400 grant to help with energy bills, and people living in council tax bands A-D will get an extra £150, which has already been sent out to many households.

This totals £1,200 in support payments being given to families in need over the course of 2022.

Nadhim Zahawi, Chancellor of the Exchequer, said:

"It's great that millions of the families who are most in need are starting to receive their cost of living payments, which I know will be a massive help for people who are struggling.

"Alongside tax cuts, changes to universal credit and the household support fund, these payments are a vital part of our £37b support package to help people deal with rising prices."

We can help you make your money go further.

Make the switch to us

Choosing StationOne means opting for a service where excellence, expertise, and a personal touch converge. Our rates reflect the quality and dedication we bring to every interaction. We are not just about the numbers; we're about fostering growth, ensuring compliance, and paving the way for your business's prosperity.

Get in touch

Fancy a new accountant? Contact us for tailored financial guidance.

Tell us about your business

Share your business needs; we'll provide the bespoke financial solutions.

We'll take it from here

Trust us to lead your financial operations to success.

"Enables us to be more profitable"

"Having been a client for many years we have learned how important Food and Drink GP’s are to the running of our restaurants and getting these to the correct %’s every week enables us to be more profitable and then be able to concentrate on managing other costs"

StationOne favicon3

How can we be of service?

Embark on your journey towards financial excellence with StationOne. Let us show you what it means to have not just an accountant, but a committed partner in your corner.