Payment dates are set to shift so recipients receive funds on time and officials have updated the advice
Brits who rely on payments from the Department for Work and Pensions or HM Revenue and Customs need to be aware of a change in the payment schedule due to the August bank holiday. Andy Wood from Crypto Tax Degens highlighted how bank holidays can interfere with benefit distributions, noting that such disruptions 'often disrupt the regular schedule of benefit payments, which can be concerning for those who rely on this income'.
For example, Child Benefit and Tax Credits due on August 26 will be paid earlier, on August 23. Such information must be clearly communicated to recipients so they can plan their finances accordingly and avoid any potential difficulties.
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