Tax credits recipients receive Cost of Living Payments

Those who are entitled to the Cost of Living Payment should now have received their £300 autumn payment, which will help to cover everyday costs.

HMRC made payments to eligible tax credit recipients between the 10^th and 19^th of November, so if you haven’t yet received yours and you believe you are entitled, then you should contact HMRC as soon as possible.

This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023 to 2024.

Chief Secretary to the Treasury, John Glen, said, “I know Christmas can be a difficult time, which is why this £300 payment will come as a welcome boost for hundreds of thousands of families. But the best help we can give is halving inflation this year.”

Angela MacDonald, HMRC’s Deputy Chief Executive and Second Permanent Secretary, added, “The £300 Cost of Living Payment will deliver further financial support to eligible tax credits customers across the UK. Another payment will be made by spring 2024 to those entitled to receive it.

“HMRC customers will receive the payment automatically, with no action required from them, to make this as simple as possible.”

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