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Britons are being alerted to a temporary change which could affect their state pension payments in April. Millions will have a clear idea of when their state pension is paid, often planning their finances around it.
Therefore it is important to note when payment dates change so people can plan accordingly.
The upcoming Easter bank holiday may impact when a person receives their state pension.
The change will affect those on both the older basic and the new state pension, depending on the day a person expects to be paid.
The day a person is paid their state pension typically hinges on the last two digits of their National Insurance number.
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If the digits are between 00 and 19, the payment date is usually a Monday.
Between 20 and 39 is a Tuesday, while a Wednesday is for those with numbers between 40 to 59.
Thursday payments are for individuals with digits between 60 and 79, and Friday payments with digits 80 to 99.
For this reason, those with digits 80 to 99 and 00 to 19 will need to pay attention in the coming weeks.
This is because Good Friday and Easter Monday are bank holidays, which could disrupt when state pension payments are issued.
The last working day before the Easter bank holiday weekend this year is Thursday, April 6, 2023.
Therefore, those who are expecting a payment on either Good Friday or Easter Monday can expect to be paid on that date instead.
Bank holidays usually mean state pension and benefit payments are issued early to avoid people going without for the holiday period.
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The state pension is also set to rise by 10.1 percent from April as the triple lock makes its return.
This figure is in line with September 2022’s CPI inflation figure, when the triple lock for 2023 was decided.
The full basic state pension will rise from £141.85 per week, to £156.20 weekly.
The full new state pension will increase from £185.15 weekly to £203.85 per week.
Some may get less than the full new state pension if they were contracted out before April 6, 2016.
