Exact date 1.1million families on tax credits will get first £326 cost of living payment revealed

MILLIONS of people will get extra cash to help them through the cost of living crisis within days.

Over one million families getting tax credits will get the first half of a £650 direct payment.

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Close-up of the Child Tax Credit portion of the U.S. Individual Income Tax Form 1040.[/caption]

People on tax credits have had to wait for the first part of the cost of living payment, worth £326.

The government has not confirmed that it will hit bank accounts from September 2.

Around 7million households on benefits like Universal Credit and pension credit have already had the cash.

The direct payments started being made from July 6

Chancellor Nadhim Zahawi, said: “I know people are really concerned by rising prices so I’m glad that over a million more low earners will shortly receive their first Cost of Living Payment.

“We are also preparing options for further support so the new Prime Minister can hit the ground running.  

“Alongside £400 off most people’s energy bills, tax cuts and the Household Support Fund, these direct payments are a very important part of our £37 billion package of help for households, which is targeted at those who need it most.”