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Daily Mirror
Daily Mirror
Business
Sam Barker

Exact date one million people will get £324 cost of living payment confirmed by HMRC

More than one million households getting tax credits benefits will get their second cost of living payment from November 23.

This £324 payment will be paid into most eligible customers' bank accounts automatically between that date and November 30 across the UK.

Tax credits claimants are eligible for £650 this year from the Government, to help with the cost of living.

This help is split into two parts.

The first payment of £326 and was paid between September 2 and 7, 2022, provided claimants get tax credits and no other means-tested benefits.

People on means-tested benefits like Universal Credit got their first payment from July 14, and their second payment from November 8 to 23.

Tax credits claimants are being paid later because the Government is swapping many of them over to Universal Credit.

Tax credits claimants get their cost of living payments later than people on other benefits (PA)

For tax credits claimants switching this year, the Government wanted to avoid paying them twice by accident, once for tax credits then again for Universal Credit.

HM Revenue & Customs (HMRC) deputy chief executive and second permanent secretary Angela MacDonald said: "This second cost of living payment will provide further financial support to eligible tax credit-only claimants across the UK.

"The £324 will be paid automatically into bank accounts, so people don't need to do anything to receive this extra help."

Pensioners who are in receipt of Winter Fuel Payments will get an extra £300 as part of the cost of living package.

This money is expected to be handed out in November and December.

Winter Fuel Payments are worth between £100 and £300 normally - but it does depend on your circumstances.

How much you get also depends on your age, who you live with and the benefits you get.

The £300 cost of living cash is on top of your Winter Fuel Payment.

Age UK says those who were born on or before September 25, 1956, should qualify for a Winter Fuel Payment this year.

As well being the right age, you need to have been living in the UK for at least one day in the qualifying week.

The qualifying week is September 19 to 25, 2022.

An energy discount worth£400 is being sent out from this month, spread out over six months.

You should get a discount worth £66 in October and November, rising to £67 each month from December through to March 2023.

This will be applied automatically to your electricity account and doesn't need to be paid back.

The discount will be applied monthly regardless of whether you pay monthly, quarterly or through manual payments.

Direct debit customers will receive the energy bill discount automatically, with the cash being applied to your bill.

If you don't pay by direct debit, the discount will be applied as a credit to your energy account each month.

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