PENSIONERS will want to look out for a code that could mean they get their benefits paid early next week.
Many Brits will get an extra day off on August 28 because there's a Bank Holiday.
But that means that some state pension payments – along with other benefits – might be paid early.
This is because on Bank Holiday days, the Department for Work and Pensions (DWP) won't pay some payments.
Your National Insurance number dictates what day you receive your pension money.
The day your state pension is paid usually depends on the last two digits of this identification number.
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If those digits are between 00 and 19, the day your state pension is paid is on a Monday.
It’s Tuesday if they are between 20 and 39, and Wednesday if the digits are between 40 and 59.
Numbers 60 to 79 are paid on a Thursday and numbers 80 to 99 are usually paid on Fridays.
So this means that because there's a Bank Holiday Monday on August 28, anyone expecting to receive a payment then, won't see any money on the day.
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But to save anyone from going cashless over the holiday, the government are simply bringing the payment day forward a few days.
As a result, pensioners can expect to instead be paid on Friday, August 25.
If you receive other benefits, you may also be paid early.
Bear in mind there isn't a code to spot for other benefits
If you get any of the following benefits, then you'll want to make sure you're prepared:
- Attendance Allowance
- Carer’s Allowance
- Employment Support Allowance (ESA)
- Jobseeker’s Allowance (JSA)
- Pension Credit
- Personal Independence Payment (PIP)
- State pension
- Universal Credit
- Working Tax Credit
- Child Tax Credit
- Child Benefit
- Guardian’s Allowance
Will my benefit payment amount change?
The amount you get paid shouldn't change.
It will be the same as previous months, unless you've had a change of circumstances that affects how much you get at the same time.
You don't need to do anything if your usual date for getting the state pension falls on a bank holiday.
Don't forget that if you get paid early then you'll have to make the money you get go further as you'll have extra days to wait until your next payment date.
Make sure you factor this into your budget.
If your money is not paid on time, then you should double check the date you get paid normally and contact your bank.
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Failing that, you should contact the DWP.
You can also submit a complaint to the DWP over any unpaid benefits.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
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