SPECIAL PAYMENT - If you are part of a working household that receives tax credits, you may be eligible for a new one-off payment of £500. The new payment is being introduced to provide extra support when the temporary increase in Working Tax Credit ends as planned on 5 April 2021.
You may get a one-off, tax-free payment of £500 if, on 2 March 2021, you were getting either:
Working Tax Credit
If you are eligible, you should get your payment direct to your bank account by 23 April 2021. You will not see the payment on the online tax credit service.
The payment is non-taxable and will not affect your benefits. You do not need to declare it as income for Self Assessment tax returns or for tax credit claims and renewals.
It says there is no need to apply for the new payment as those who are entitled will automatically be contacted via text message or letter.
Anyone who is eligible should receive their payment by April 23.
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