The Department for Work and Pensions (DWP) has announced that more than one million people claiming Tax Credits are set to receive the first part of the £650 means-tested cost of living payment next month. Previously, those receiving Working Tax Credits and Child Tax Credits were advised the first instalment for £326 would be paid in the autumn.
DWP updated the UK Government’s official Cost of Living Payment guidance with the revised schedule stating that “most Tax Credits claimants will get the first Cost of Living Payment of £326 in September 2022”. The second payment for £324 will be made in the winter, but no specific timeframe has been released yet.
Last month, DWP Minister for Welfare Delivery, David Rutley MP, said that over one million £326 cost of living payments will be made by HM Revenue and Customs (HMRC) to eligible Tax Credit claimants.
