HMRC is sending out text messages to Tax Credits claimants about the £300 payment.
HM Revenue and Customs has announced it is sending out an SMS text message to people on Tax Credits today reminding them that the £300 cost of living payment will be made to eligible claimants between November 10 and 19, 2023.
It’s important to note that receiving a text message from HMRC, or a previous cost of living payment, doesn’t guarantee you will be eligible for the £300 or the £299 due before next Spring. You must meet the eligibility criteria during the qualifying period: HMRc explained: “This is to allow time for their bank, building society or credit union to process the payment.”
When is the £300 cost of living payment due? The second part of the £900 means-tested payment will be made between:To be eligible for the cost of living payment from HMRC: For joint Tax Credits claimants, where one claimant receives Working Tax Credit and the other claimant receives Child Tax Credit, payments will be made into the same bank account as the Child Tax Credit.
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