Over one million families in the UK are set to receive a £324 to help with the cost of living.
Households who receive tax credits will receive the payment from Wednesday, November 23.
The amount will be paid into bank accounts over the course of the next week until November 30.
Those eligible do not need to contact the UK Government or apply for the payment at any stage.
Payments will appear on bank statements with a reference including the National Insurance number of the recipient.
For those on tax credits only, the payment will appear as ‘HMRC COLS’ on their bank statement.
The UK Government is making the money available as part of its £37bn support package for households.
Angela MacDonald, HMRC’s deputy chief executive, said: “This second cost of living payment will provide further financial support to eligible tax credit only claimants across the UK.
“The £324 will be paid automatically into bank accounts, so people don’t need to do anything to receive this extra help.”
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