News Feed

State pension payments will proceed as scheduled in February following a payment date adjustment in the New Year. The Department for Work and Pensions (DWP) distributes the state pension every four weeks directly into recipients' bank accounts.

Last month's payment date was affected due to the bank holiday on January 1. The day pensioners receive their payment is determined by the final two digits of their National Insurance number.

According to the rules, those with codes 00 to 19 receive payments on a Monday, whilst 20 to 39 are paid on a Tuesday. Codes 40 to 59 are paid on a Wednesday, 60 to 79 on a Thursday, and 80 to 99 on a Friday.

The DWP states: "You'll be asked when you want to start getting your State Pension when you claim. Your first payment will be no later than 5 weeks after the date you choose. You'll get a full payment every 4 weeks after that.

"You might get part of a payment before your first full payment. The letter confirming your State Pension payment will tell you what to expect.

"The day your pension is paid depends on your National Insurance number. You might be paid earlier if your normal payment day is a bank holiday."

The new State Pension rises annually by whichever is the highest - earnings, prices, or 2.5 per cent, Birmingham Live reports. The amount you receive in state pension payments is based on your National Insurance record.

Review your State Pension forecast to discover the amount you could receive upon reaching State Pension age. It also provides details about your National Insurance contributions.

The complete rate of the new State Pension stands at £230.25 per week.


Source link

Leave A Comment


Last Visited Articles:


Info Board

Visitor Counter
0
 

Todays visit

47 Articles 1080 RSS ARTS 15 Photos

Popular News

🚀 Welcome to our website! Stay updated with the latest news. 🎉

United States

216.73.216.214 :: Total visit:


Welcome 006.73.006.004 Click here to Register or login
Oslo time:2026-02-08 Whos is online (last 1 min): 
1 - United States - 89.208.96.997
2 - United States - 296.73.296.299
3 - United States - 085.090.070.00
4 - United States - 85.248.94.244
5 - United States - 985.999.999.2
6 - United States - 85.308.93.393
7 - Singapore - 47.428.24.0


Farsi English Norsk RSS