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Thousands of pensioners will notice a change to their pension payments this month, as they receive their money earlier than usual. The Department for Work and Pensions (DWP) will be sending out a number of payments early due to the bank holidays around Christmas and New Year. If your payment was due to be paid on Christmas Day or Boxing Day, then you will receive your money on Tuesday, December 24.
And those due to be paid on January 1, will instead receive their pension on December 31. Pensioners will be able to tell if they will receive their money early or not by checking the two-digit number at the end of their National Insurance number. Do pensioners pay tax? Typically, if your National Insurance number ends in a number between 00 and 19, you will receive your state pension on a Monday.
Those with a number between 20 and 39 will usually receive their pension on a Tuesday. If you are due a payment in the week starting December 23 and your National Insurance number ends between 40 and 99, you will likely receive your pension payment on Tuesday, December 24. Pensions are not the only DWP payments that will be affected by Christmas.
Benefits including Universal Credit and Personal Independence Payments (PIP) will also land in bank accounts earlier over the festive season. The Government website explains: "Benefits are usually paid straight into your bank, building society or credit union account. Recommended Reading: DWP issues major Winter Fuel Payment update for 1.
3 million pensioners Keir Starmer says it 'makes sense' to make change to DWP Winter Fuel Payments Ministers considering new changes to £300 DWP Winter Fuel Payment "If your payment date is on a weekend or a bank holiday you’ll usually be paid on the working day before." DWP Universal Credit and PIP payment dates over Christmas If your payment was due to be paid on Christmas Day or Boxing Day, then you will receive your money on Tuesday, December 24. If you are due to receive Universal Credit or any other benefit payment on New Year's Day (Wednesday, January 1), then you should receive your payment on Tuesday, December 31.
Pension payments to increase next year Pensioners will receive an extra £470 in their payments from April next year, after Rachel Reeves maintained the Government’s commitment to the pension triple lock. The triple lock guarantees an increase in pensions in line with average earnings, inflation or 2.5%, whichever is highest.
Making the announcement in October, the Chancellor said: “This commitment means that while working-age benefits will be uprated in line with CPI at 1.7%, the basic and new state pension will be uprated by 4.1% in 2025-26.
“This means that over 12 million pensioners will gain up to £470 next year.” She added: “The pension credit standard minimum guarantee will also rise by 4.1% from around £11,400 per year to around £11,850 for a single pensioner.
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