State pensioners with two-digit code will get early cash boost of £921 this week

THOUSANDS OF PEOPLE WILL SEE PENSION DATES BROUGHT FORWARD BUT OTHERS WON'T SEE ANY CHANGES TO THE PAYMENT SCHEDULE 13:32, 20 May 2025Updated 13:37, 20 May 2025 State pensioners with a

specific two-digit code will get an early cash boost of up to £921 in their accounts this week. The Spring Bank Holiday on Monday, May 26, will see any DWP and HMRC benefits due on that day

being brought forward. The cash will go into bank accounts on Friday, May 23, instead. In April 2025, the Basic State Pension increased from £169.50 to £176.45 a week, while the full rate of

the New State Pension went up from £221.20 to £230.25 a week. Paid every four weeks, this is £705.80 for the Basic State Pension and £921 for the New State Pension. For those on a State

Pension, the Spring Bank Holiday payment date change will only affect them if their payment was due on Monday. READ MORE: Article continues below The DWP explained that it pays the State

Pension into accounts on Mondays every four weeks if the last two digits of your National Insurance number are between 00 and 19. Other people get the State Pension on a different weekday

and will be unaffected by any rescheduling due to the bank holiday. Those whose National Insurance number ends with two digits between 20 and 39 receive their pension on a Tuesday. All

benefit and pension payments go in as normal on Tuesdays, even if it was a bank holiday the day before. If the last two digits are between 40 and 59, your State Pension arrives on a

Wednesday. If they are between 60 and 79, it will go in on Thursday, and if they are 80 to 99, it will be paid on Friday. The State Pension uprating for 2025-2026 took effect on Monday,

April 7, the start of the first week of the new financial year. As pensions are paid into accounts every four weeks, recipients need a full four-weekly payment period starting on or after

April 7 before the rise is applied. This means that those paid on Monday, May 5, were the first to see the new pension rates. Everyone paid after that will see the new amounts. The State

Pension increased by 4.1 per cent this year in line with the Triple Lock. This guarantees that pensions will rise by the highest of three factors: inflation, pay growth, or 2.5 per cent. The

rise in average earnings (as measured from May to July 2024) was the highest of those three options. Most other DWP and HMRC benefits have gone up by 1.7 per cent in line with the rise in

the Consumer Prices Index in September 2024. Article continues below Join our dedicated BirminghamLive WhatsApp community for the latest updates sent straight to your phone as they happen.

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