State pensioners to receive special payment on | U.Ok.Finance News
Millions of people will receive their important financial help earlier than the August Bank Holiday weekend. The Department for Work and Pensions (DWP) has confirmed that benefit funds shall be introduced ahead to Friday, August 22.The early payment association will apply to all main advantages, together with the State Pension, Universal Credit, Child Benefit, Personal Independence Payment, Attendance Allowance, Carer’s Allowance, and Disability Living Allowance, guaranteeing that funds initially scheduled for the weekend of August 23 to August 25 attain claimants on time. Minister for Social Security and Disability Sir Stephen Timms mentioned: “We know how a lot households rely on these funds, and by bringing them ahead forward of the Bank Holiday, we’re guaranteeing no one has to fear about whether or not their help shall be there after they need it most.“This is particularly important forward of the new college yr – no household ought to have to select between shopping for college provides and placing food on the desk.”This is what our Plan for Change is all about – putting working families and the most vulnerable first and ensuring every family has the security they need to plan for the future.”The early payment policy ensures recipients receive their funds before banks and Government offices close for the holiday weekend.How will I know if this applies to me?Some benefits are paid every two weeks, while others can be paid every four weeks.Whether you’ll be impacted by the upcoming Bank Holiday payment changes will depend on the days you typically receive your benefit. If you’re due to receive your benefit payment on Saturday, 23, Sunday, 24, and Monday, August 25, 2025, you will be paid early on Friday, August 22, 2025.People have been urged to plan their budgets “effectively” to account for the early payment date.A spokesperson for Spencer Churchill said: “It’s important that pensioners and benefit claimants are conscious of any adjustments to their payment dates, particularly round bank holidays.”Receiving your payment earlier might seem like a good thing, but it also means that you’ll have to stretch that money further until the next instalment.”
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