Cost Of Living Payments 2024. Cost of living payments do not affect the tax you pay, or the benefits or tax credits you receive. Eight million people are receiving the final instalment of cost of living payments totalling £900.

It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year,. A £299 cost of living payment was sent to around eight million vulnerable households between 6 and 22 february 2024.if you haven’t received the money yet,.