State Pension Payment Date Ripoff

Plebeian_2

Hi all,

Don`t know if this has been discussed before but thought I`d mention it here anyway.

just turned 65 and looking forward to boosting my income with my forthcoming State pension.

Received my Award Notice Details and was puzzled to find the first payment start date was 5 days after my 65th birthday.

Phoned the Pension Service to query this to be told by a very apologetic young lady that depending on the last 2 characters of your National Insurance number you could lose up to 6 days pension as they have to get you into the pension payment cycle.

Surely it`s not beyond the wit of the Mandarins in the DWP to pay the shortfall.

I calculate I will lose in excess of £100 pounds.

Nowhere in the Statement or Notes about State Pension does it inform you that this will happen.

Thanks a bunch DWP.

Plebeian

Aegis

Are you really going to get this angry about 5 days worth of a payment that will last the rest of your life? Why not count yourself lucky that you get it from age 65, while many of us on the forum will have to wait 3 additional years (and possibly up to 6 days) for the same benefit, assuming they don't raise the age further.

Plebeian_2

Aegis,
you may well think in excess of £100 is peanuts to lose when you have paid in NI contributions for 44 years not the 30 now required.

I don`t.

Plebeian

atush

P,

I agree I might be slightly ticked off too.

But if 100 quid is enough to bring you here crying maybe you should have saved harder for your retirement years. If 100 quid makes a huge difference, you didn't save enough and should perhaps consider working for longer.

david39

This is an old chestnut that keeps rearing its head on this forum - if you search you will find other examples of it including contributions from me.

The fact is, that is the way the rules are set out and those lucky enough to reach retirement age are all affected by them to some extent or another.

It's a pot-luck situation dependent upon your birth date - if you are unhappy about it, perhaps you can arrange your date of decease to maximise any overhang of pension at the other end.

Loughton_Monkey

Plebeian wrote: »

.... in excess of £100 is peanuts to lose.....

You have not "lost" anything. In the same way as when you take a job and work for a month before being paid. You don't always get things in advance.

Your entitlement started on your 65th birthday, and if all you have to worry about is the day of the week that actual entitlement is paid, then you will not find a lot of sympathy.

Velcro_Hotdog

Plebeian wrote: »

Aegis,
you may well think in excess of £100 is peanuts to lose when you have paid in NI contributions for 44 years not the 30 now required.

I don`t.

Plebeian

30 years may be required to get full state pension but it doesn't mean we can stop paying it.

Plebeian_2

I seem to have stirred up a hornets nest with the users of this site.

didn`t mean to upset your sensibilities.

I was just commenting on the principle of not paying from your 65th birthday.

How many millions is the government saving from all retirees in a year.

atush, nothing to cry about have 2 other pensions,enough in savings, nice house, 2 cars,villa in Portugal,so I`m ok.

david39, maybe I`ll come to your funeral first.

Loughton Monkey,you`re wrong, speak to the Pensions service if you don`t believe me.Read my original post again,pensions advisor most apologetic and also thought it was wrong.

Plebeian

I hope this is the end.

Goodbye

jennifernil

Loughton_Monkey wrote: »

You have not "lost" anything. In the same way as when you take a job and work for a month before being paid. You don't always get things in advance.

Your entitlement started on your 65th birthday, and if all you have to worry about is the day of the week that actual entitlement is paid, then you will not find a lot of sympathy.

The OP is unfortunately correct in what he says, you never get paid for those days.

My OH lost 6 days.

staffie1

Probably spent more in phone calls to DWP querying it.

Lokolo

Plebeian wrote: »

atush[/, nothing to cry about have 2 other pensions,enough in savings, nice house, 2 cars,villa in Portugal,so I`m ok.

And you're moaning about £100!?