Workers and self-employed business owners who claim tax credits, Child Benefit or Guardian’s Allowance have just one month left to switch their Post Office card account, it has been warned.
HM Revenue & Customs (HMRC) said it will stop making payments to Post Office card accounts after 05 April 2022.
It comes after the tax authority extended the deadline to the end of the financial year, giving recipients extra time to set up new accounts and provide HMRC with updated bank details.
According to the report, nearly 138,800 customers have already switched their accounts and notified the department.
But around 7,500 are still receiving payments via their Post Office card account, meaning they should act quickly to continue receiving benefit payments.
How to switch
Taxpayers can use their Personal Tax Account, the tax credit hotline (0345 300 3900), or visit this page to switch accounts and provide their new account details.
“Don’t miss out”
Commenting on the notice, Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “We want to make sure that no customer misses out on the benefit payments they are entitled to. If you still need to switch your Post Office card account, contact HMRC to update your bank account details by 05 April.”
Get advice today
For help and advice with related personal tax matters, please get in touch with our team today.
“Richard Anthony case study – Terry Lewis – Jaques Samuel Pianos Widely considered to be London’s leading piano retailer, Jaques Samuel Pianos has grown considerably from its humble beginnings in the front room of Mr Samuel’s home in Notting Hill. They are now internationally recognised and have provided pianos for high-profile clients like Queen and […]”
Terry Lewis – Jaques Samuel Pianos
“Richard Anthony: ‘a super-star firm’ MT Finance is a property finance lender, specialising in bridging loans and auction finance. They assist numerous property professionals, business owners, and individuals with their finance requirements and specialise in short-term asset-based lending. Founder and Director, Tomer Aboody, knew that as an asset-based lender, the business would require an expert […]”
Tomer Aboody – MT Finance
“A family fairground success story The Botton family have been running a traditional fairground, arcade and amusement park in the heart of Skegness since taking over the Pleasure Beach in 1965. Jim, the Director of the company, took over from his father and now heads day-to-day activities and administration. He said: “The Pleasure Beach is […]”
Jim Botton – Pleasure Beach (Skegness)