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State Pension payments
namronnoremac
Posts: 2 Newbie
Hello there, can someone help me please with regard to the recent state pension increase.
According to the booklet I received from the Department of Work and Pensions, "from 10 April 2023 the weekly amount of the basic State Pension will increase by 10.1%". I receive my pension every 4 weeks. I received a payment on 14th April of the same amount I received on 17th March. Given the State Pension increased on 10th April, should my April payment not have been higher than my March payment and been calculated on 23 days at old rate (18th March to 9th April) plus 5 days at new rate (10th April to 14th April). Any help I can get would be greatly appreciated.
Thanking you.
P.S. My May payment is at the new rate
According to the booklet I received from the Department of Work and Pensions, "from 10 April 2023 the weekly amount of the basic State Pension will increase by 10.1%". I receive my pension every 4 weeks. I received a payment on 14th April of the same amount I received on 17th March. Given the State Pension increased on 10th April, should my April payment not have been higher than my March payment and been calculated on 23 days at old rate (18th March to 9th April) plus 5 days at new rate (10th April to 14th April). Any help I can get would be greatly appreciated.
Thanking you.
P.S. My May payment is at the new rate
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Comments
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State Pension is paid in arrears. That's why the April payment was all at the old rate.namronnoremac said:Hello there, can someone help me please with regard to the recent state pension increase.
According to the booklet I received from the Department of Work and Pensions, "from 10 April 2023 the weekly amount of the basic State Pension will increase by 10.1%". I receive my pension every 4 weeks. I received a payment on 14th April of the same amount I received on 17th March. Given the State Pension increased on 10th April, should my April payment not have been higher than my March payment and been calculated on 23 days at old rate (18th March to 9th April) plus 5 days at new rate (10th April to 14th April). Any help I can get would be greatly appreciated.
Thanking you.
P.S. My May payment is at the new rate"All shall be well, and all shall be well, and all manner of thing shall be well."
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The state pension is a weekly benefit, paid, as whizzywoo says, in arrears. The only occasions on which a week is apportioned into days is when you start claiming your pension and when you die.
The 10.1% increase takes affect from the first benefit week starting on or after 10 April. So, if you received a payment on 14 April, all 4 weeks included in that payment will have commenced before 10 April. Your next payment will include 4 weeks at the new rate.1 -
Thank you to both of you for clarifying the situation. Much appreciated.1
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