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Daily Record
Daily Record
Lifestyle
Linda Howard

New £900 cost of living payment update for people claiming Tax Credits from HMRC

HMRC DWP

The Department for Work and Pensions (DWP) recently announced the planned payment schedule for the £900 means-tested cost of living support which will be delivered in 2023/24 for people on means-tested benefits, including those on Tax Credits.

The new £900 cash support is expected to help over eight million families on a low income and will be made in three instalments - two this year and one in 2024. The first payment for £301 will land in bank accounts automatically this Spring, the second for £300 in the Autumn and the final one for £299 in Spring, 2024.

People in receipt of Working Tax Credits or Child Tax Credits only, and no other DWP means-tested benefit, will receive the payments from HM Revenue and Customs (HMRC) shortly after DWP payments are issued. More details on payments are expected to be given nearer the time of the first payment.

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