A former DWP employee shares how the frequency of State Pension payments can easily be changed to weekly.
People on the New State Pension will receive up to £221.20 each week during the 2024/25 financial year, however, many people may be unaware that by default payments are made every four weeks - equivalent to some £884.80. Similarly, someone on the Basic State Pension can get up to £169.50 per week - £678 every four-week pay period.
The main thing to be aware of is that the frequency can only be changed if the payments have already been set up to be made into a bank account. People about to claim the New State Pension The former DWP worker explained: “If you are yet to claim your State Pension, put in the information box on the State Pension claim form ‘Please pay my pension weekly’.”
“For some members of the public who are used to being paid their wages weekly, claiming a State Pension which is paid every four weeks, can cause problems financially and make it difficult for them to budget.”Latest State Pension News Back in 2021, BBC Radio 4 Money Box presenter and financial journalist Paul Lewis, highlighted the weekly payment option in the Radio Times. He explained: “Three quarters of all pensioners are paid four weeks in arrears, but a State Pension can also be paid weekly.
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