State Pension: Expert outlines criteria to qualify
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Many will plan their outgoings around the date they receive the state pension. The payment may be issued early for some Britons this week, due to a new Bank Holiday.
Typically, the state pension is paid every four weeks into an account of one’s choice.
People are paid in arrears – for the last four weeks, rather than the coming four weeks.
However, there will be a slight disruption to payment dates in the coming week for an understandable reason.
The sad news of the death of Her Majesty Queen Elizabeth II was shared last Thursday, with the country now observing a mourning period.
This will officially end with the state funeral of the former monarch on Monday, September 19.
King Charles III has approved an order that the day of the Queen’s funeral will be a bank holiday.
He did so during a ceremony last week at which he was officially proclaimed as the new monarch.
The bank holiday will take place across the United Kingdom, providing Britons with the chance to pay their last respects to the late monarch.
Pension Credit: Full list of ‘freebies’ – are you eligible? [INSIGHT]
Octopus Energy: You could slash bills by over £400 with ‘simple tips’ [UPDATE]
WASPI woman left surviving on savings after state pension age changes [EXCLUSIVE]
However, similar to other bank holidays throughout the year, this will mean a change to the normal payment schedule of the state pension.
The Government has confirmed payments and benefits which were due on Monday, September 19, will now be paid earlier.
The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) have put arrangements in place to ensure all benefits and credits due to be paid on this date will be delivered in advance.
Both Departments will follow standard protocol regarding a bank holiday, which sees payment dates brought forward.
It means those expecting a state pension payment on Monday will get the sum earlier.
Instead, they can expect to receive their payment on Friday, September 16.
This is because that is the last working day before the State Funeral and bank holiday is observed.
The state pension is not the only payment which is set to have a date change this week.
What is happening where you live? Find out by adding your postcode or visit InYourArea
The DWP and HMRC have confirmed the full list of benefits and payments which will be affected.
- Attendance Allowance
- Carer’s Allowance
- Disability Living Allowance
- Employment and Support Allowance
- Income Support
- Industrial Injuries Disablement Benefit
- Jobseeker’s Allowance
- Pension Credit
- Personal Independence Payment
- State pension
- Universal Credit
- Child Benefit/Guardian’s Allowance
- Working Tax Credits
- Child Tax Credits
A number of other services are likely to be affected, as businesses close to pay their respects to the late Monarch.
Some hospitals will postpone “non-urgent appointments”, major retailers and supermarkets are set to close, and Royal Mail postal services will be suspended on Monday.
Source: Read Full Article