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Frequency of state pension payments
Comments
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Sorry I should have checked before posting. I knew it was something at the end.The_Green_Hornet said:
It is the last two digits of your NINO that determine what day of the week you get paid.DRS1 said:@DustyMunchkin what letter appears at the end of you NI Number? That usually indicates what day of the week you should get paid.
The new State Pension: When you're paid - GOV.UK0 -
The final letter denotes which week in the four weekly payment cycle you’re paid. For example all those with the letter B at the end were paid this week. From Monday it will be those ending with a C.DRS1 said:
Sorry I should have checked before posting. I knew it was something at the end.The_Green_Hornet said:
It is the last two digits of your NINO that determine what day of the week you get paid.DRS1 said:@DustyMunchkin what letter appears at the end of you NI Number? That usually indicates what day of the week you should get paid.
The new State Pension: When you're paid - GOV.UK
So knowing the final two digits and final letter will tell us exactly when your 4 week payment will be due.6 -
Well, didn't know that one. MrsM is a C, I am a D and my SIL is A and it does conform with next payments being 19th, 22nd and 31st.jem16 said:
The final letter denotes which week in the four weekly payment cycle you’re paid. For example all those with the letter B at the end were paid this week. From Monday it will be those ending with a C.DRS1 said:
Sorry I should have checked before posting. I knew it was something at the end.The_Green_Hornet said:
It is the last two digits of your NINO that determine what day of the week you get paid.DRS1 said:@DustyMunchkin what letter appears at the end of you NI Number? That usually indicates what day of the week you should get paid.
The new State Pension: When you're paid - GOV.UK
So knowing the final two digits and final letter will tell us exactly when your 4 week payment will be due.
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I get mine paid weekly....can't understand why you wouldn't??.."It's everybody's fault but mine...."1
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Most people budget monthly so a payment every four weeks or every month is simple. Most jobs pay monthly, most other benefits are monthly. I cannot understand why someone wants payments coming in every week unless they are incredibly bad managing their money, monthly/four weekly are easy to manage.Stubod said:I get mine paid weekly....can't understand why you wouldn't??0 -
Yes with the help of members on a state pension group I Admin, we’d managed to work out that there was some method to the 4 weekly payment cycle and sorted out a spreadsheet with the dates so people could work out when their likely first payment would be made. It’s not written anywhere on the DWP site but it’s proved to be correct.molerat said:
Well, didn't know that one. MrsM is a C, I am a D and my SIL is A and it does conform with next payments being 19th, 22nd and 31st.jem16 said:
The final letter denotes which week in the four weekly payment cycle you’re paid. For example all those with the letter B at the end were paid this week. From Monday it will be those ending with a C.DRS1 said:
Sorry I should have checked before posting. I knew it was something at the end.The_Green_Hornet said:
It is the last two digits of your NINO that determine what day of the week you get paid.DRS1 said:@DustyMunchkin what letter appears at the end of you NI Number? That usually indicates what day of the week you should get paid.
The new State Pension: When you're paid - GOV.UK
So knowing the final two digits and final letter will tell us exactly when your 4 week payment will be due.2 -
MattMattMattUK said:
Most people budget monthly so a payment every four weeks or every month is simple.Stubod said:I get mine paid weekly....can't understand why you wouldn't??Having a monthly budget but four weekly payments makes no sense at all. Your income will be less than your budget for eleven months in twelve.
That's a shortfall in your understanding, then.MattMattMattUK said:I cannot understand why someone wants payments coming in every weekHave you never had a weekly-paid job?N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.1 -
I actually managed my budget annually, a chunk of my income goes into various savings accounts every month, one to cover my tax bill, one for actual savings and one to go towards costs which comes out in only one month of the year (car insurance, VED, holidays etc.), what month the income comes in in is largely irrelevant.QrizB said:MattMattMattUK said:
Most people budget monthly so a payment every four weeks or every month is simple.Stubod said:I get mine paid weekly....can't understand why you wouldn't??Having a monthly budget but four weekly payments makes no sense at all. Your income will be less than your budget for eleven months in twelve.
I did when I was 16-20, but ever since it has been monthly so not for more than twenty years. I do not know anyone now regardless of age or employment who is not paid monthly now. Entry level jobs in supermarkets, glass collector in a pub and upwards are all paid monthly because payroll is all processed each month, not run 52/53 times a year.QrizB said:
That's a shortfall in your understanding, then.MattMattMattUK said:I cannot understand why someone wants payments coming in every weekHave you never had a weekly-paid job?
Rent/mortgage, utilities, council tax, streaming, memberships, mobile phone and broadband, pretty much everything apart from buying food, clothes and socialising comes out on a monthly (or annual) basis and those last three are ad-hoc not scheduled weekly. Having had a look at my bank/card statements nothing comes out weekly and the only weekly thing that I have had this year was when I have used offers on Hello Fresh and Gousto earlier in the year (because they deliver weekly).0 -
I cannot understand why someone wants payments coming in every week unless they are incredibly bad managing their money, monthly/four weekly are easy to manage.
The people I know who choose weekly payments are perfectly good at money management, had professional occupations where they were monthly salaried and now receive occupational pensions paid monthly.
They just prefer to have the state pension in their interest bearing accounts rather than held back by the DWP........
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According to this article, 18% of UK workers are paid weekly and one-third would like to be paid weekly:A survey by Indeed Flex reveals that despite strong demand for a weekly pay packet, only 18% of UK employees are paid every seven days, while 5% receive their pay fortnightly. The majority, 71%, are paid in a single monthly instalment.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0
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