The Department for Work and Pensions (DWP) has issued a Cost of Living payment update as more people are set to see £301 land in their bank accounts.
This £301 is the first of three DWP cost of living payments set to be issued to help with rising bills, totalling up to £900.
In March, the government department confirmed those claiming means-tested benefits would receive their first financial boost between April 25 and May 17. These benefits include Universal Credit, Income-based Jobseekers Allowance, Income-related Employment and Support Allowance, Income Support and Pension Credit.
READ MORE: UK bank offering new cash boost to all customers
And while the above claimants were given a date, people on Tax Credits were not, despite being eligible for the cash. However, the DWP has now said when they can expect to receive the cash.
A DWP update on Tuesday said: "The £301 Cost of Living Payment for people on tax credits and no other low income benefits will be paid between 2 and 9 May 2023 for most people."
The second payment is due to be sent in summer 2023, while the third payment will be sent in spring 2024. All the cost of living payments will be tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards.
Exact dates for the second and third instalment of the £900 cost of living payments - set to be worth £300 and £299 - are yet to be announced.
Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here
READ NEXT:
Passenger dies on Jet2 flight after going to the toilet 'in distress'
Many petrol and diesel car owners hit with £2,605 warning
Coronation Street's Elle Mulvaney declares love for Hollyoaks star
Aldi shoppers praise 'brilliant quality' £30 garden furniture that 'looks great'
Confirmed UK bank holidays for 2023 including five in April and May
