HMRC has confirmed that the first of three cost of living payments for 2023/2024 will arrive in accounts from today. The payment to one million eligible claimant families who receive tax credits, and no other means-tested benefits, will be made between May 2 and 9.
If tax credit claimants believe they are eligible but do not receive a £301 payment between the published payment dates, they should wait until May 16 to contact HMRC. This is to allow time for their bank, building society or credit union to process the payment. The Government is offering help for households. Customers should check GOV.UK to find out what cost of living support they could be eligible for.
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