Martin explained to viewers that the cost of living payment from the Department for Work and Pensions (DWP) was made automatically and if you are eligible you would not need to apply for it
Martin Lewis has issued a warning to everyone set to receive the cost of living payment this month.
The MoneySavingExpert.com founder shared the warning on the recent episode of the Martin Lewis Money Show. Martin explained to viewers that the cost of living payment from the Department for Work and Pensions (DWP) was made automatically and if you are eligible you would not need to apply for it.
Due to this, people needed to “be careful” as scammers were trying to take advantage of the support scheme. He said: “It’s a £299 automatic payment, you do not need to apply. Please be careful about scammers wanting your details to try and get this money.”
With every cost of living payment over the last two years, scammers have sent out fake text messages and emails pretending to be from the DWP. The majority of these fake messages have asked the receivers to click on a link to “apply” for the cash. However, the website behind this link would likely ask you for personal information about yourself such as name, address, and even bank details. By sharing share these, the scammers could use the information for further scams against you or they could even steal money.
Martin explained that the £299 payment would be paid between February 6 and 22, while those on Tax Credits will start to see the money land in bank accounts from February 16, these will also continue until February 22. Those receiving the cash will have had to be – or later found to be eligible for – certain DWP benefits during the qualifying period of November 13 to December 12, 2023.
The MSE founder also urged anyone over State Pension age on a low income to check if they may be eligible for the DWP benefit Pension Credit which is worth up to £3,900 a year on average. By claiming this benefit, people could then be eligible for the £299 payment.
Martin added: “If you are a pensioner on a low income, do check out whether you’re eligible for Pension Credit because it’s the one time you can backdate this and you’ll still get the payment even if you claim now.”