DWP has confirmed when HMRC will pay 'most' Tax Credit claimants the £326 cost of living payment
The Department for Work and Pensions has announced that more than one million people claiming Tax Credits are set to receive the first part of the £650 means-tested cost of living payment next month. Previously, those receiving Working Tax Credits and Child Tax Credits were advised the first instalment for £326 would be paid in the autumn.
The £300 pensioner cost of living payment will be added to Winter Fuel Payments due to land in eligible household’s bank accounts over November and December - read more about this here. Am I eligible for a cost of living support payment? Here is everything you need to know about the £326 cost of living payment - and all the other support coming this year - for people living in Scotland, England and Wales.
If you have a joint claim with a partner, you will get one payment of £326 and one payment of £324 for your joint claim - if you are eligible. Universal Credit ‘nil awards’ You will not be eligible for the £326 Cost of Living Payment if your earnings reduced your Universal Credit to £0 for the qualifying assessment period - this is sometimes called a ‘nil award’.
You will still be paid the Cost of Living Payment automatically and do not need to contact DWP or HMRC. If you have a complex set of benefits, contact DWP or an independent benefits advisor such as Citizens Advice to get a better understanding of what help you will receive. £300 one-off payment for people of State Pension age All eligible pensioner households will get the one-off ‘Pensioner Cost of Living Payment’ added as a top-up to their annual Winter Fuel Payment in November/December.
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