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State Pension; why can't it be paid monthly
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. There is no way they would just divide the annual amount by 12, .
Why not? That's how my London Pension Authority pension is paid.
Just like any salaried job.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
My salary for 14 years 1998-2012 was paid every 4 weeks. The double month was always December, which some people found helpful.
It's really a problem only for anyone living hand to mouth, and unfortunately they are going to be caught out anyway unless they budget properly."Things are never so bad they can't be made worse" - Humphrey Bogart0 -
Clifford_Pope wrote: »Why not? That's how my London Pension Authority pension is paid.
Just like any salaried job.
Because, at present, the entitlement amounts (for most if not all) benefits is laid down by HMG as weekly amounts. See here https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/275291/Benefit_and_Pension_rates_2014-15.pdf
If they change people will (they really do!) complain that they have lost the few pence as the weekly / annual amount they get paid isnt what they expect due to rounding.
Having got themselves into this position it is difficult to get out. Benefit rates are not, usually, divisible by 7.0
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