HMRC confirms exact month the £326 cost of living payment will be made to households

HMRC has now confirmed the month tax credit households will receive the first half of the cost of living payment.

In total, the cost of living payment is £650 – and the first payment of £326 is to be made to eligible benefit claimants in September.

However, HMRC has yet to confirm which day in September payments will begin.

He also did not say when the second half of the cost of living payment, worth £324, will arrive.

Although it is expected to hit bank accounts in the winter.

What is the cost of living payment?

About 1.1 million people claiming tax credits are expected to receive the first cost-of-living payment.

The payment comes for these households after those claiming other types of means-tested benefits have received their first payment of £326 towards the cost of living.

Those applying for Universal Credit, income-related ESA and JSA, Income Support and Pension Credit began receiving this money from July 14.

The second payment of £324 is expected to be sent to these households in the autumn.

Although, again, no fixed date has been announced.

Who is eligible for payment?

The £650 payment is given to more than eight million households.

It is accessible to anyone eligible for the following benefits:

– Income-based Jobseeker’s Allowance

– Income-related employment and support allowance

To get the full £650 you must have qualified for one of these benefits, or later become entitled to a payment – between April 26 and May 25.

Pension credit claims can be backdated three months.

August 18 is the deadline for this benefit.

What other help is there?

This payment is not available to everyone applying for benefits.

It is therefore worth checking whether there are other supports available.

A payment of £150 is made for those claiming certain disability benefits and £300 for pensioners receiving winter fuel payments.

Every home in England, Scotland and Wales will also get £400 off their energy bills – spread over six months from October.

This money is applied to your energy bills and does not need to be paid.

This replaces the £200 ‘loan not ready’ originally announced by the Chancellor last year.

The Household Support Fund has also been extended again by another £500million.

Contact your council to see what help they offer and if you qualify for support.

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Elaine R. Knight