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A couple of million households receiving tax credit, and no different means-tested advantages, will get their second cost-of-living cost from November 23, HM Income and Customs (HMRC) has confirmed.
This £324 cost will probably be paid into most eligible prospects’ financial institution accounts routinely between that date and November 30 throughout the UK.
HMRC deputy chief government and second everlasting secretary Angela MacDonald mentioned: “This second cost-of-living cost will present additional monetary help to eligible tax credit-only claimants throughout the UK.
“The £324 will probably be paid routinely into financial institution accounts, so individuals don’t have to do something to obtain this additional assist.”
The second cost follows the primary cost-of-living funds of £326, which eligible households acquired from the Division for Work and Pensions (DWP) from July and from HMRC from September.
The Authorities just lately introduced that households receiving DWP advantages will get their second cost-of-living cost from November 8, persevering with by way of to November 23. This contains tax credit score claimants who additionally obtain different income-related advantages from DWP.
HMRC mentioned it’s making funds shortly after the DWP in an effort to keep away from duplicate funds.
This newest cost comes on prime of wider authorities help in the direction of the price of dwelling this autumn and winter, together with focused help and a £400 power payments low cost for households.
The power value assure, which limits the unit price of power, will probably be in place till April 2023. A Treasury-led overview will probably be launched to think about how households needs to be supported after April.
Individuals can verify gov.uk to seek out out what cost-of-living help they might be eligible for.
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