HMRC confirms month £326 cost of living payment will be sent

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The date has yet to be announced, but 1.1 million households are expected to receive the rate

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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.

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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.

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What is the cost of living?

Around 1.1 million people claiming tax credits are expected to receive their first living expenses payment.

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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.

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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.

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Who is entitled to the payment?

The £650 payment will be awarded to more than eight million households.

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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.

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Annuity loan applications can be made three months retrospectively.

August 18th is the deadline for this achievement.

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What other help is there?

This payment is not available to every beneficiary.

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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.

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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.

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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.

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Contact your municipality to find out what help they offer and if you are eligible for assistance.

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