Brits who claim working tax credit to receive one-off £500 payment by Friday

Working tax claimants will begin to receive the one-off £500 payment to help them during coronavirus.

For those who are yet to be paid should expect the support to arrive in their back accounts by April 23.

The £500 payment is given to families on working tax credit, which is similar to the £20 weekly uplift for Universal Credit claimants.

Chancellor Rishi Sunak announced the extra money in his spring Budget in February this year.

The extra cash is available to those who received their working tax credit and child tax credit payments.

Millions of claimants switched over to Universal Credit instead of the tax credits.

But the move over to Universal Credit is not expected to be completed until 2024.

This means millions of families do still claim tax credits.

It is believed HMRC has been contacting eligible families by text message or letter this month to confirm they're due the money.

And if you are eligible for the support, you will receive the pay in your account by this Friday.

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You will not need to do anything to get the £500, it'll arrive in the account where you normally get your tax credits.

And if the money doesn't arrive by Friday, you can contact the tax credits helpline on 0345 300 3900.

The £500 one-off payment is non-taxable and it will not impact any other benefits you might be owed.

For more information on the support, head over to the GOV.UK website.

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