This Friday, thousands of UK households will see a £104 payment credited directly into their bank accounts from HM Revenue & Customs (HMRC). This payment is part of the government’s ongoing support to help ease the financial pressure many families face amid rising living costs.
If you are eligible, you don’t need to apply for this payment. It will arrive automatically, with the amount being deposited between May 19 and May 23, 2025. Here’s what you need to know about this important payment, how it works, who qualifies, and how to check if you’re getting it.
What is the £104 Payment From HMRC?
The £104 payment is a part of the UK government’s broader Cost of Living support package aimed at helping households manage essential expenses during a period of inflation and economic uncertainty. HMRC is responsible for administering this payment to eligible taxpayers and claimants.
This payment cycle is typically distributed every four weeks, with deposits commonly scheduled for Mondays or Tuesdays. However, when payment dates coincide with bank holidays, the payment day can shift accordingly — which is why some may receive the payment on a Friday this week.
Who Qualifies for the £104 Payment?
Eligibility for the £104 payment depends on several factors, including income thresholds, benefits received, and tax status. Generally, it targets households on lower incomes or those receiving specific benefits.
You can check your eligibility and details of the Cost of Living support on the official government website here.
How Will I Know If I’m Getting the Payment?
Eligible individuals or households will receive the payment automatically; there is no need to submit an application or contact HMRC directly.
When the payment arrives, it will appear as a bank deposit with a reference that typically includes your National Insurance number followed by “DWP COL” or “HMRC COLS.” This helps distinguish the payment from other transactions.
If you expect to receive the payment but haven’t seen it in your bank account by the end of the scheduled date, you can report a missing payment through the official government portal starting February 23, 2025. Visit the reporting page here for assistance.
Why is This Payment Important?
The rising cost of essentials such as food, energy, and housing has been a significant concern across the UK. The £104 payment aims to provide timely financial relief to those most affected, helping to cover day-to-day expenses without adding to debt or financial stress.
For many, this payment can be a crucial boost, especially during months when bills or other outgoings increase unexpectedly.
What If I’m Not Eligible?
If you do not qualify for the £104 payment, it’s important to know there are other forms of support and advice available from the government and local councils. Citizens Advice and other charities offer free guidance on managing household finances.
Additionally, the government has rolled out various schemes, including energy rebates and discounts, to help more people cope with living costs.
What Should I Do Next?
- Check your bank account on or after May 23 to confirm receipt of the £104 payment.
- Look for the payment reference including your National Insurance number and “DWP COL” or “HMRC COLS.”
- Visit the official HMRC page for Cost of Living support to learn more about eligibility and upcoming payment dates: Cost of Living Support
- Report any missing payments as soon as possible via the official website if you believe you are eligible but have not received your payment.
Final Thoughts
The HMRC’s £104 payment is a crucial element of the government’s efforts to ease the financial strain on millions of UK households. This automatic payment, arriving this Friday, is designed to provide much-needed support in uncertain economic times.
Keep an eye on your bank account this week and use the official resources available to ensure you’re receiving all the support you qualify for.
