Families who receive Tax Credits will get their £301 cost of living payment early next month, the Government has announced.
The money, which is the first instalment of the £900 support package announced by Chancellor Jeremy Hunt during November’s Autumn Statement, will be paid between May 2 and May 9 by HMRC to over one million households who currently receive Tax Credits, and no other means-tested benefits. The second and third instalments are due later this year and early next.
Payments will be made automatically, so there’s no need to apply. You will be eligible for this payment if you received Tax Credits for any day in the period January 26 to February 25 this year or you are later found to have been entitled to a payment for this period.
