Payments will be arriving for some pensioners. (Image: Getty Images)

Automatic £300 payment if you spot this code on your bank statement

Winter support money will be arriving from the Government

by · Birmingham Live

Automatic payments worth up to £300 will be arriving into hundreds of thousands of bank accounts over the coming weeks. And there's a particular code people need to look out for on their bank statements.

It relates to pensioners who will be receiving the Winter Fuel Payment this year. The payments usually arrive between November and Christmas and they will be automatic for those who qualify.

Unlike last year, not all pensioners will get the cash. The support has been taken away from around 10 million pensioners and made means-tested.

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Older people will need to be claiming Pension Credit or some other benefits in order to qualify. The code to look out for in your bank account will be your National Insurance number followed by 'DWP WFP'.

This will let people know this is their Winter Fuel Payment and that they have received it. But millions will not see the payment this year like they usually do.

The means-testing of the support by the new Labour Government has proved hugely controversial. The charity Age UK has claimed 2.5 million pensioners could be left struggling to heat their homes as a result.

Those who don't claim Pension Credit but think they might be eligible are being urged to apply. Thousands of pensioners have been able to claim extra cash after making applications. They have until December 21 to apply for Pension Credit and get the Winter Fuel Payment.

There remains pressure on the Government over the issue, following a non-binding vote from unions at the Labour party conference this week to reverse the decision. Keir Starmer and Chancellor Rachel Reeves have so far shown no indication they are about to change their minds on the issue.