Tax credit - anyone got a date for the £500 payment yet?

[JamesMiddletonsMarshmallows]

I see a lot of tax credit recipients will be getting a £500 lump sum rather than the £20 a week - but has anyone had it yet or had a date for it? I get a small amount of tax credits and can't figure out if I'm eligible for the £500

Been reading up on MSE, if you can afford it it's worth putting it aside and paying the max contribution (£50 p/month) into your Help to Save account.

10 months free payments and double returns at the end of it!

If anyone has online banking, it may be worth checking pending transactions for tomorrow

I can’t see pending payments (Barclays). I hope it’s in by tomorrow. I received the generic text about people on tax credits getting a one off payment so I’m guessing this means we qualify. We don’t get WTC (DH earns too much) but get CTC. I asked on webchat and he said if I got the text I’m most likely eligible. Keep checking every morning!

I wish i could see pending payments 🙉 they told me mine was issued yesterday so im hoping its tomorrow

Wonder if everyone’s will be tomorrow? Do they go in surname order again so maybe some will clear next week?

Have online banking with NatWest. Doesn’t show pending money coming in.

Pretty sure mine won't be tomorrow

With hsbc so would see it pending but nothing

And i am pretty near start of alphabet

Due to a change of circumstances I was switched from TC to UC last week. So I was claiming on the 2nd of March but no longer have an active TC account that I can see, it’s completely gone from my online tax account.

Yet I’m not yet assessed for UC so getting nothing.

I’ve completed missed out haven’t I? Story of my life 🤷‍♀️

@Tullyjune you may still get it, you had to be getting tc on 2nd march which you were

[quote THATbasicSNOWFLAKE]@Tullyjune you may still get it, you had to be getting tc on 2nd march which you were[/quote]
I’ll keep my fingers crossed but don’t expect anything!!

I'm on universal credits as top up and don't even receive the £20 a week 😂 me and my partner have not received anything during covid and not entitled to anything either, even tho after all our bills are paid we are left with hardly any money, sometimes I really don't think it's fair, I know a fair few people who's money never changes from being on full universal credits that receive this extra £20 a week just to feed there alcohol and drug needs, were not entitled to wtc and only get child element for our son which I highly doubt would make us eligible for the £500, would be nice to wake up to it tho 😂

@THATbasicSNOWFLAKE

Pretty sure mine won't be tomorrow

With hsbc so would see it pending but nothing

And i am pretty near start of alphabet

I don't think they must be doing it alphabetically, my surname is nearer the end of the alphabet and mine is showing as pending. I hope you receive it soon 🤞

Emmy93 if you are on UC you will get the £20 uplift everyone on UC will.

I've worked out my universal credit and I don't receive it 🤔 I get the normal standard allowance and the normal child tax credits, there's no extra £80 a month that I receive, I only switched to universal credits in August last year so thinking that might be why I don't receive it as that's when my partner moved in

I noticed some of you mention an app, is this a HMRC app?

You can't claim tax credits and uc at the same time. When you make a uc claim it automatically stops your ctc.

You need to check this otherwise you will be hit with a huge overpayment of tax credits.

@Emmy93 the current standard allowance includes the £80 a month. It will be reduced in six months.

@LastRoloIsMine the poster means the standard and child elements of UC not actual CTC.

Please can somebody help?!

I can see this payment pending to be paid tomorrow. I was in reciept of working tax credit on 2nd March, so understand that I'm eligible HOWEVER as my husbands earnings have jumped we will no longer be eligible (from April 1st). We contacted them last week and have received April's usual payment, though I fully expect to pay this back as I assume it was just processed before the account was updated.

So, although I was eligible on the 2nd March, will I still be able to keep the £500 even though I wouldn't be eligible now?
Thanks!

My bank only shows pending what's going out not what's going in annoyingly !!

Anyone who banks with Santander received it today? Can't see anything pending.

Thanks

I'm assuming this is an error

Just done a live chat with barclays to see if anything is pending to go in tomorrow, he said no. I normally get my tax credits on a Friday so it may appear, who knows!!!

@karen2402

I'm assuming this is an error

Gosh that would be nice £50000

Got the text but nothing showing as pending in my First Direct account...