How you National Insurance number reveals if you'll get your state pension paid early this week
EASTER bank holiday dates mean the payment days for the state pension will be different this week – and you could get paid early.
Your National Insurance number dictates what day you receive your pension money on.
The day your state pension is paid usually depends on the last two digits of this identification number.
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.
60 to 79 are paid on a Thursday and numbers 80 to 99 are usually paid on Fridays.
So this means that with a bank holiday falling on Friday this week and one on Monday after the weekend, anyone expecting to receive a payment then, won't see any money on those days.
But to save anyone from going cashless over the festive weekend, the government are simply bringing the payment day forward a few days.
With Good Friday this year falling on April 2, the bank holiday means payments cannot be processed on this day.
As a result, the DWP has said pensioners can expect to instead be paid a day earlier, on Thursday, April 1.
Anyone expecting to receive their money next Monday will be in a similar situation, and they will also receive their state pension payment on Thursday 1, instead.
The reason for the Thursday payment is because it is the last working day before the four-day bank holiday weekend.
Regardless of the changes in date you won't have to take any action in order to receive the early payment.
This is because it is something that the DWP will action automatically.
Payments should be placed straight into your bank, building society or credit union account and you won't have to worry about changing any details to make sure you get what you're owed.
And if your payment date falls on a normal day that's not a bank holiday, then you'll get your payment as normal.
What other bank holidays could affect my state pension payments?
There are a number of bank holidays throughout the year, with May Day bank holiday the next one we'll see after Easter.
Here is the full list of upcoming holidays for the rest of the year:
- May 3
- May 31
- July 12 (Northern Ireland only)
- August 2 (Scotland only)
- August 30
- December 27
- December 28
- January 3, 2021
- January 4, 2021 (Scotland only)
In most of these cases, the DWP says if your payment is due on a bank holiday you'll be paid on the working day before.
Universal Credit and other benefit payment dates can change too over Easter because of the bank holidays.
Brits are being warned the state pension "won't be enough" to get by financially in retirement.
And what little money you might have you won't want to lose, as fraudsters have been trying to steal National Insurance details from thousands of Brits, so here is how you can keep your details safe.
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