More than one million claimant families receiving tax credits, and no other means-tested benefits, will get their second Cost of Living Payment from Wednesday November 23 HM Revenue and Customs (HMRC) has confirmed. The £324 government payment will be paid automatically into most eligible tax credit-only customers’ bank accounts between November 23 and 30, 2022 across the United Kingdom.
Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, said: "This second Cost of Living Payment will provide further financial support to eligible tax credit-only claimants across the UK. The £324 will be paid automatically into bank accounts, so people don’t need to do anything to receive this extra help."
The second payment will see more than eight million households across the UK receive their £324 cost of living cash boost by 30 November. It follows the first cost of living payments of £326, which eligible families received from Department for Work and Pensions (DWP) from July and HMRC from September.
