Uprating benefits and cost of living payments

geoff
December 31, 2022

    Changes to these support payments were announced in the Autumn Statement last month. They include:

     

    State Pension – will increase in line with inflation.
    Cost of living payments – the government will provide households on means-tested benefits with an additional £900 Cost of Living payment in 2023-24. Pensioner households will receive an additional £300 Cost of Living payment, and individuals on disability benefits will receive an additional £150 Disability Cost of Living payment in 2023-24. These payments will be made on a UK-wide basis.
    Uprating of benefits – the government is protecting the most vulnerable in society by increasing benefits in line with inflation, measured by September CPI which is 10.1% this year. Around 19 million families will see their benefit payments increase from April 2023. This includes increasing the State Pension by inflation, in line with the commitment to the Triple Lock. The standard minimum income guarantee in Pension Credit will also increase in line with inflation from April 2023 (rather than in line with average earnings growth). This will ensure pensioners on the lowest incomes are protected from inflation and do not lose some of their State Pension increase in the Pension Credit means test. Some disability benefits are devolved in Scotland, so it is for the Scottish Government (SG) to decide uprating. Department for Work and Pensions (DWP) benefits are fully devolved in Northern Ireland, so it is for the Northern Ireland Executive to decide uprating in Northern Ireland.

    More Blog Posts

    From 18 November 2025, new rules mean that all UK company directors and People with Significant Control (PSCs) must verify their identity with Companies House.

    Managing payroll can be a complex and time-consuming task for businesses. With ever-changing tax regulations, auto-enrolment requirements, and employee benefits to consider, getting payroll right

    For many small business owners, understanding how to take money out of your company can be confusing. You might own the business, but it doesn’t

    Running a trades business isn’t just about doing great work—it’s about managing quotes, scheduling jobs, tracking costs, invoicing clients, and keeping everything profitable. The problem?

    Growing a business is tough. You’re making big decisions daily—hiring, investing, expanding—but how do you know if you’re making the right decisions? That’s where a

    Running a business is fast-paced, and outdated accounting systems can hold you back. If you’re still using Sage or even Xero Online but feel like

    Running a business is tough. You’re juggling sales, operations, customer service, and—let’s be honest—probably dealing with a mountain of financial admin too. But here’s the

    A raft of money changes comes into play this month which could affect your finances, and as we are approaching the winter season – dark

    Sign Up For More Updates

    Get email updates by signing up to our mailing list

    Email Signup

    Ready to Turn These Insights Into Action With Us?