HM Revenue and Customs (HMRC) has issued a warning to people on means-tested benefits expecting to receive the first part of the £900 cost of living payment next month. Over one million people claiming Tax Credits are set to receive a payment of £301 between Tuesday, May 2 and Tuesday, May 9, 2023.
However, following the announcement earlier this week, HMRC warned that receiving a previous cost of living payment does not mean you will be entitled to a future one. It added that claimants will need to meet the separate eligibility criteria for each payment.
The £900 means-tested payment will be made in three instalments - £301, £300 and £299 - and each separate lump sum will have its own unique qualifying period. To be eligible for the May payment of £301, people on Tax Credits, must have received a payment on any day between January 26, 2023 and February 25, 2023 - or later found to have been entitled to a payment for this period.
