DWP issues £326 cost of living payment date update for people on tax credits
25.08.2022 - 19:27
/ manchestereveningnews.co.uk
The Department of Work and Pensions (DWP) has issued an update for people on tax credits waiting for their first installment of the £650 cost of living payment.
The government is providing a one-off payment to help people struggling to pay bills amid the cost of living crisis. Eligible people are those receiving certain benefits or tax credits.
While the majority of people on Universal Credit, Income Support, Pension Credit and other benefits will have received the first of two installments last month, people who receive Tax Credits will not get their first payment until September. The DWP has now confirmed that the majority of those people will receive the £326 payment automatically between September 2 and September 7.
READ MORE: DWP warning to everyone who is eligible for a cost of living payment
Tax credit claimants who receive other benefits from the DWP should have already received their first payment. The second payment of £324 will be issued in autumn for claimants on Universal Credit and other benefits, and from the winter for people on who are just on tax credits.
Nadhim Zahawi, Chancellor of the Exchequer, said: "I know people are really concerned by rising prices so I’m glad that over a million more low earners will shortly receive their first Cost of Living Payment. We are also preparing options for further support so the new Prime Minister can hit the ground running.
"Alongside £400 off most people’s energy bills, tax cuts and the Household Support Fund, these direct payments are a very important part of our £37 billion package of help for households, which is targeted at those who need it most."
According to HM Revenue and Customs (HMRC), there is no need to apply for the payments. Tax credit claimants
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