HMRC recently confirmed that HMRC’s first Cost of Living Payment to 1.1 million claimant families receiving tax credits will be made between 2 and 7 September 2022. The first HMRC payments will total around £360 million.
We are now letting you know that we have started to issue these payments.
If tax credits customers believe they are eligible but have not received a £326 payment between the published payment dates, they should wait until 16 September to contact HMRC. This is to allow time for their bank, building society or credit union to process the payment.
The UK Government is offering help for households. Customers should check GOV.UK to find out what cost of living support they could be eligible for.
Background:
- Details of HMRC’s first Cost of Living Payment to tax credit-only customers, with quotes and scam warning advice, can be found here:
- Cost of Living payments were announced in May 2022. Details of DWP and HMRC payments were also publicised in June, July and August 2022. The latest payment schedule information is available here.
As well as the Cost of Living Payment, other government support includes:
- £400 discount from the UK Government to help with the cost of energy bills from October onwards
- £300 Pensioner Cost of Living Payment that will be paid alongside Winter Fuel Payments
- £150 Disability Cost of Living Payment from 20 September for those receiving an eligible UK disability benefit.
This is in addition to changes to the Universal Credit taper rate and work allowances worth £1,000 a year on average for 1.7 million working claimants; a rise in the National Living Wage to £9.50 an hour; and a tax cut for around 30 million workers through a rise in National Insurance contribution thresholds.
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