The date has yet to be announced, but 1.1 million households are expected to receive the rate
In total, the cost of living payments total £650 – and the first payment of £326 is due to be paid out to claimants in September.
However, HMRC has not yet confirmed what date in September payments will start.
Nor was it said when the second half of the £324 cost of living payment will arrive.
Although it is expected to hit bank accounts in the winter.
What is the cost of living?
Around 1.1 million people claiming tax credits are expected to receive their first living expenses payment.
The payment will come for these households after those claiming other types of means-tested benefits have received their first cost of living installment of £326.
Those claiming Universal Credit, income-related ESA and JSA, Income Support, and Pension Credit have been receiving this money since July 14.
The second payment of £324 is expected to be sent to those households in the autumn.
Although no fixed date has been announced here either.
Who is entitled to the payment?
The £650 payment will be awarded to more than eight million households.
It is available to everyone who can claim the following benefits:
- child allowance
- Income-related unemployment benefit
- Income-related Employment and Support Allowance
- social care
- pension credit
- universal credit
- Labor Tax Credit
To receive the full £650 you must have qualified for one of these benefits or be subsequently found to be eligible between 26 April and 25 May.
Annuity loan applications can be made three months retrospectively.
August 18th is the deadline for this achievement.
What other help is there?
This payment is not available to every beneficiary.
So it’s worth checking if there’s other support out there.
A payment of £150 will be made to those claiming certain disability benefits and £300 to pensioners receiving winter fuel payments.
Every home in England, Scotland and Wales will also get a £400 rebate on their energy bill – spread over six months from October.
This money is offset against your energy bills and does not have to be paid.
This replaces the £200 “loan-not-loan” originally announced by the Chancellor last year.
The Household Support Fund was also expanded again by a further £500m.
Contact your municipality to find out what help they offer and if you are eligible for assistance.