Support is on the way for many households
The £301 cost of living payment is being made to one million eligible claimant families who receive tax credits, and no other means-tested benefits, from Tuesday . .
If tax credit customers 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. Receiving a previous Cost of Living Payment does not guarantee customers will receive a future one. Customers must meet the individual eligibility criteria for each payment.This is the same cost of living cash payment that millions of others have been receiving since Tuesday last week. However, this is being rolled out by HMRC, instead of the Department for Work and Pensions .
According to DWP, Tax Credit claimants get their £301 payment after those on DWP benefits to avoid double payments being made, reports the Mirror Online. The £301 payment is the first of three cost of living payments totalling £900 which will be paid over the next 12 months. The next two payments, worth £299 and £300, will be made in the Autumn and in the Spring of next year.More information about the cost of living payment for claimants receiving tax credits:
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