HMRC has confirmed that a £301 cost of living payments has begun to land in accounts today (Tuesday May 2). One million households will receive the government lump-sum, which is paid automatically into their bank accounts.
People can expect the money to arrive from today until Tuesday May 9. It is the first of three cost of living payments totalling up to £900 for more than eight million families this financial year.
To be eligible, families must receive only tax credits and no other benefit. They must also have received a payment of tax credits any day between 26 January to 25 February this year, or later be found to have been entitled to a payment for this period.
