state pension query

solar_power

Southend1, wow, sorry.

Terry_Towelling

Don't worry about the sensitive nature of some on the forum - it doesn't look like you are anyway.

BTW it seems to be referred to as a 'benefit' with a small 'b' which just means it has a standard English definition rather than being defined as some kind of official Benefit with a capital 'B'- if that helps at all.

Why not think of it as a monthly payment and be overjoyed when that one month comes around when you get two payments? You also get £10 extra at Christmas - and then there's the winter fuel payment too! More Benefits - sorry 'benefits'.

I'm not being sarcastic just light-hearted.

Thrugelmir

Silvertabby wrote: »

I'm also sure that most who are used to being paid monthly would prefer their State pensions to be paid that way as well.

Pensions aren't based on an annual amount though. As a salary is. With fluctuating number of days in a month. Not easy to budget if state pension is your only income.

Silvertabby

I'm also sure that most who are used to being paid monthly would prefer their State pensions to be paid that way as well.
Originally posted by Silvertabby

Thrugelmir wrote: »

Pensions aren't based on an annual amount though. As a salary is. With fluctuating number of days in a month. Not easy to budget if state pension is your only income.

Actually, that's not the case according to State pension forcasts on line - they quote the weekly amount and the annual amount.

In Mr S's case, that was £151.74 per week, £7916.28 per year (£151.74 x 52.17 weeks).

No sign of the 4-weekly amount (£606.96).

Most salaries are paid as the annual amount divided by 12, so no problem with fluctuating days.


It must be impossible to budget if your only income is the State pension every 4 weeks, and so paid on a different date every month.

Tom99

Once every 4 weeks is fine because once a year you will get two payments in a month.