More than one million families in receipt of Tax Credits, and no other means-tested benefits, will get their second cost of living payment this month directly from HM Revenue and Customs (HMRC). Payments of £324 are set to land in bank accounts between Wednesday November 23 and Wednesday 30, 2022.
The payment window opens on the final day of scheduled deposits being made to millions of qualifying households on eligible means-tested benefits between November 8 and 23. HMRC said the reason for the delay is to reduce the risk of an overlap in payments and possible duplication, which would result in an overpayment that would need to be repaid.
This £324 UK Government payment will be paid automatically into most eligible Tax Credit-only customers’ bank accounts - Working Tax Credits and Child tax Credits. There is no need to apply, so if you receive an email, text or phone call telling you that you need to claim the one-off payment, it is a scam.
