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One month to switch

HMRC customers have one month to switch their Post Office card account.

7,500 tax credits, Child benefit and Guardian Allowance receivers have just one month left to switch from their Post Office card accounts.

HMRC will stop making payments into these accounts after April 5th 2022. Those currently receiving these benefits will need to notify HMRC of their new account details. If not they will miss out on payments.

In November 2021, HMRC extended the deadline to the end of the financial year. The one-off extension to the contract meant payments could continue to be paid into the Post Office accounts. Therefore giving extra time for new accounts to be set up.

Nearly 138,800 customers have already switched their accounts and provided HMRC with updated bank account details. Time is running out for the remaining 7,500.

Payments can be made into an existing bank, building society or credit union account.

Child Benefit and Guardian’s Allowance customers can use their Personal Tax Account to provide revised account details, or contact the Child Benefit helpline on 0300 200 3100. Tax credits customers can go online or contact the tax credits helpline on 0345 300 3900.

If the 5th April deadline is missed, payments will be paused until the HMRC receive the new account details.

Read more of our blogs here or contact us for further advice.