State pension payment date changes to occur this week – check when you’ll get sum | Personal Finance | Finance
State pensioners could be paid their allowance early this month by the Department for Work and Pensions (DWP).
Britons are being alerted to a temporary change which could affect their state pension payments this week.
As the state pension is usually paid every four weeks, Britons often plan their finances around it.
Therefore, it is important to note when payment dates change so people can plan accordingly.
The upcoming August bank holiday may impact when a person receives their state pension.
The change will affect those on both the older basic and the new state pension, depending on the day a person expects to be paid.
The DWP states that if someone’s payment date falls on a bank holiday or weekend, the money will be given out on the last working day.
This means those expecting their state pension payments on Monday, August 28, can expect to receive the money on August 25 instead.
The day a person is paid their state pension typically hinges on the last two digits of their National Insurance number.
If the digits are between 00 and 19, the payment date is usually a Monday.
Between 20 and 39 is a Tuesday, while a Wednesday is for those with numbers between 40 to 59.
Thursday payments are for individuals with digits between 60 and 79, and Friday payments with digits 80 to 99.
For this reason, those with digits 00 to 19 will need to pay attention this week to ensure they get their state pension payment.
The Department’s offices and phone lines will be closed on August 28 because of the Bank Holiday, and officials say that the change in payment date will give staff the time to address any queries from recipients.
Bank holidays usually mean state pension and benefit payments are issued early to avoid people going without for the holiday period.
Those who receive benefits such as Tax Credits will also receive their payments on Friday.
The changes mean that those on benefits will have to wait slightly longer before they receive their next payment on their usual payment date.
Pensioners will not have to take any action in order to secure this earlier payment as it should be automatically paid into a person’s bank account if they are affected.