support worth over five ilion pounds to give vulnerable people certainty that we are standing by them at this time. dwp will make the payment in time. dwp will make the payment in two lump sums, the first from july, the second in autumn, with payments from hmrc to those on tax credits followed shortly after. there is no need for people to fill out complicated forms or bureaucracy, we will send the payment straight to their bank accounts. our policy will benefit over 8 million households in receipt of means tested benefits from july. operating in that timeframe could only be done for those on universal credit and our policy will provide a larger average payment this year of £650, where as operating the same benefit by 9% would be worth only on average £530. there are two further groups who will need extra, targeted support. many pensioners are disproportionately impacted by higher energy costs. they cannot always increase their incomes through work and because they spend mor
their own, who, through no fault of their own, are paying the highest price for the inflation we face. to help with the cost of living, we are going to provide significant, targeted support to millions of the most vulnerable people in our society. those on the lowest incomes. pensioners and disabled people. first, people on the lowest incomes. over 8 million households already have income is low enough for the state to be supporting their cost of living to the welfare system. they could be temporarily unemployed and looking for work. unable to work because of long term sickness or disability, or on low pay and using benefits to top up their wages. right now, they face incredibly difficult choices. so i can announce today we will send directly to around 8 million of the lowest income households, a one off cost of living payment of £650.