Payments for some state pensioners will arrive early next week, so check now.
Payment dates for state pensions may be changed if they fall on a holiday. The next bank holiday in the United Kingdom will be at the end of August, but seniors in one country will be affected far sooner.
If a bank holiday falls on a weekday, the payment dates for the state pension, Universal Credit, and other benefits may be changed. When this happens, recipients are normally paid on the first working day of the following week.
The next bank holiday in England, Wales, and Northern Ireland is August 30.
This means that state pension payments due on this date will be received on August 27 instead.
The next bank holiday in Scotland, however, is August 2.
Affected retirees will receive their benefits on July 30, which is the end of the week.
So long as the state pension is claimed as soon as feasible, it will begin to come within five working days of reaching state pension age.
Payments from the state pension system are not given out automatically; they must be requested.
No later than two months before attaining state pension age, retirees will get a letter from the government informing them of their options.
A person can file a claim if they are within four months of reaching their state pension age, which for most individuals is 66.
Online claims for state pensions are available on the government’s website.
Claimants can also file claims over the phone or through the mail.
People must have made at least 10 qualifying years of National Insurance contributions to be eligible for a state pension.
At least 35 years will be required to obtain the entire new state pension payment of £179.60 per week, while some factors may cause the amount to be lower or higher.
The National Insurance numbers themselves have an impact on how quickly payments are processed.
The final two digits of a National Insurance number, as shown below, determine the day of the week on which payments are made:
There is no duty to actually claim the funds after a person reaches state pension age, and if they do not, the payments will be automatically deferred.
Payments on state pensions will rise for every week they are postponed, and for the new state pension, this will be for as long as.