When does the inflation end? When the HMRC payment reaches the bank account

The first of two living allowances will be paid HMRC Tax credit budgets over the next five days, with the second payment of £324 hitting bank accounts over the winter.

The payment is the first of two payments accruing to £650 under Government plans to ease the burden of the ongoing cost of living crisis.

When does the inflation end?

When the money is credited to your bank account depends on who you bank with.

Depending on your bank, the balance is usually available just after midnight on the due date.

Some banks deposit money just before midnight around 11:30pm, while others release the money later in the night between 2am and 3am, others may have to wait until 6am.

You will see the money in your account no later than 9:00 a.m. on the day you get paid between September 2nd and September 7th.

Many will receive the payments today.

Who is entitled to the flat-rate living allowance?

People may be eligible to receive the £650 in two lump sums if they receive specific support, such as: Child Tax Credit or Employed Tax Credit.

The DWP and HM Revenue and Customs (HMRC) have identified those who are eligible for a living cost payment.

Eligible applicants are automatically paid so do not need to apply and payments may appear in accounts as “DWP Living Expense”.

https://www.theargus.co.uk/news/20891542.time-cost-living-payment-go-hmrc-payment-will-hit-bank-account/?ref=rss When does the inflation end? When the HMRC payment reaches the bank account

Fry Electronics Team

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