Exact date 1.1million families on tax credits will get first £326 cost of living payment revealed | The Sun

Exact date 1.1million families on tax credits will get first £326 cost of living payment revealed | The Sun

MILLIONS of people will get extra cash to help them through the cost of living crisis within days.

Over one million families getting tax credits will get the first half of a £650 direct payment.

People on tax credits have had to wait for the first part of the cost of living payment, worth £326.

The government has not confirmed that it will hit bank accounts from September 2.

Around 7million households on benefits like Universal Credit and pension credit have already had the cash.

The direct payments started being made from July 14 and most by the end of that month.

Read more on payments

Full list of key dates for energy bills this winter

Thousands of pensioners to get EXTRA cost of living payments for energy bills

Anyone getting working tax credits or child tax credits have had to wait for the cash.

That's to avoid duplicate paymentswhere people claim tax credits and another of the qualifying benefit.

If you get tax credits from HMRC and a low income benefit from the Department for Work and Pensions (DWP), you should have had the first cost of living payment already.

Anyone getting tax credits alone will get the payment in September from HMRC.

Most read in Money


Halifax and Lloyds Bank down leaving customers without online banking


McDonald's reveals new menu shake-up and a popular item is coming back


7 energy bill warnings TODAY about how 'catastrophic' bill rises will hit you


Struggling families to get grants of £750 from British Gas to help with bills

In total an estimated 8.2million will get the cost of living cash payment.

The second half of the £650 cost of living payment worth £324 willgo out in autumn, with an exact date to be confirmed.

Further payments will come this winter including for those with disabilities, pensioners, and every single energy bill payer.

Chancellor Nadhim Zahawi, said: “I know people are really concerned by rising prices so I’m glad that over a million more low earners will shortly receive their first Cost of Living Payment.

"We are also preparing options for further support so the new Prime Minister can hit the ground running.  

“Alongside £400 off most people’s energy bills, tax cuts and the Household Support Fund, these direct payments are a very important part of our £37 billion package of help for households, which is targeted at those who need it most.” 

    Source: Read Full Article