Millions more people to get £299 cost of living payment within days

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Financial experts from Spencer Churchill are warning that up to 900,000 low-income retirees may face an unexpected tax bill at the end of the next financial year due to income from their State Pension. Pensioners may have to start setting money aside to pay income tax bills as the personal allowance will remain frozen at £12,570 during the 2024/25 financial year.

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HM Revenue and Customs (HMRC) has issued a statement for tax credit claimants waiting on the £299 cost of living payment.

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HM Revenue and Customs (HMRC) has confirmed that around 700,000 people on Tax Credits and no other qualifying benefit have started to receive the final cost of living payment of £299. Payments will be made automatically on weekdays between February 16 and 22, 2024.

Financial experts from Spencer Churchill have warned that up to 900,000 low-income retirees may face unexpected tax bills on their State Pensions for the first time this year. Pensioners may have to start setting money aside to pay income tax bills as the personal allowance will remain frozen at £12,570 during the 2024/25 financial year.

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The Department for Work and Pensions (DWP) is encouraging low-income pensioner households to check their eligibility for Pension Credit as successful claims made before March 5, 2024 will receive a backdated £299 cost of living payment. Pension Credit is a retrospective benefit that can be backdated by up to three months, which would take any new claims made between now and March 5 to within the qualifying period of November 13 - December 12, 2023.

Kim Kardashian and Odell Beckham Jr. were spotted together at The Wynn in Las Vegas hours before the 2024 Super Bowl. According to TMZ, a video of the duo shows them after attending Michael Rubin’s Fanatics Super Bowl party, which welcomed several celebrities, including Ice Spice, Kendall Jenner, Tiffany Haddish, and many others.A clip and photos show Kim and Odell together in a crowded elevator, with Kim standing at the back.

Hundreds of thousands of households in receipt of Tax Credits and no other qualifying benefits will receive the final cost of living payment worth £299 between February 16 and 22, 2024. HM Revenue and Customs (HMRC) is making the payments automatically to eligible Tax Credits claimants, so there’s no need for anyone to apply.

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Some essential money changes will take place throughout February that could affect your personal finances.

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