Over 750,000 Brits have received a text message from HMRC informing them about the cost of living payment. The message was sent out on Friday to those who are on tax credits and do not receive any other low income benefit.
Payment Schedule and Scam Warning
The text message informed recipients that their £300 cost of living payment will be automatically paid out between November 10 and 19. However, it is important to note that the message itself is just a notification and no money is due to be paid out at this time.
HMRC has also issued a warning about potential scams. The department never asks for personal or financial details in a text message and recipients are advised not to reply to any such requests. If you are asked to provide personal or financial information, it could be a scam.
Check Your Mobile Number and Eligibility
If you are a tax credits customer and have not received the text message, it is recommended to check that your mobile number is up to date with HMRC. You can do this by visiting the 'HMRC services' page on GOV.UK.
Payments for Other Benefits
Those receiving Universal Credit, JSA, ESA, Income Support, and Pension Credit are currently receiving their £300 cost of living payment. These payments began on October 31 and will continue until November 19.
Some individuals may be eligible for up to five payments to help with the cost of living if they are receiving certain benefits or tax credits.
Future Payments
The next payment, amounting to £299, will be paid out to most eligible customers next spring. However, receiving the text message or a previous cost of living payment does not guarantee eligibility for future payments.
Specific Cases
If you are receiving both Child Tax Credit and Working Tax Credit, you will only receive a cost of living payment for Child Tax Credit. This payment will be made by HMRC.
If you are receiving tax credits from HMRC and a low income benefit from DWP, you cannot receive a Cost of Living Payment from both HMRC and DWP. In such cases, you will usually be paid by DWP only.
