The latest roll-out of cost of living payments is about to begin
. Households across the country will soon begin to see payments land in their bank accounts with one million families set to receive £301 cost of living payment between April and May, HMRC has confirmed.
This will be the first of three cost of living payments tax credit claimants will receive, totalling up to £900 between 2023-24. The second and third payment are due in Spring 2024.For claimants of any means-tested DWP benefits, the first payment will be paid a little earlier between April 25 and May 17. Claimants of Child Tax Credit or Working Tax Credit must be eligible, or later found eligible for payments during the 'qualifying week' - January 26 - February 25 2023.
The second and third cost of living payments are worth £299 and £300. They are due in Spring 2024 but the exact dates of the payments and their qualifying periods are yet to be announced. All of the cost of living payments will be tax free, do not count towards the benefit cap and will not impact any existing benefit awards.
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