Millions of Brits to receive one-off £500 tax credit payment in April - find out if you are eligible
Portsmouth residents who receive tax credits could be eligible to recieve a one-off payment of £500.
The government is introducing the payment to provide extra support when the temporary increase in Working Tax Credit ends as planned on April 5.
If you are wondering whether you are eligible for the £500, you don’t have to do anything to find out.
HMRC will contact you by text message or letter in April to confirm you are eligible.
So there is no need to apply for the new payment.
You do not need to contact HMRC.
The people who will be eligible for the £500 include those who, on March 2, received:
- Working Tax Credit payments
- both Working Tax Credit and Child Tax Credit payments
- Child Tax Credit payments and are eligible for Working Tax Credit but do not get a payment because their income is too high
If you are eligible, you should receive your payment by April 23.