From Wednesday, November 23, millions of UK households claiming tax credits will start to receive the second Cost of Living Payment. 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."
More than one million claimant families who are receiving tax credits, and no other means-tested benefits, will get their second Cost of Living Payment from Wednesday , HM Revenue and Customs (HMRC) has confirmed. This £324 government payment will be paid automatically into most eligible tax credit-only customers’ bank accounts between Wednesday, 23 and Wednesday, November 30, meaning the payment will be in bank accounts in plenty of time for Christmas.
Eligible claimants should look out for the reference ‘HMRC COLS’ on their bank statements confirming the second payment. Ms MacDonald added that people don’t need to do anything to receive this extra help with the amount automatically paid into accounts.
