State pension

2021rdsunshine

Ayr_Rage said:

TadleyBaggie said:

The March payment is under the existing numbers. The increase doesn't start until April 10th.

But the OP says there is no increase in the 9 May payment in the second letter.

Yes that’s what confused me even more that the amount for 9 May is exactly the same as previous letter received in January, no increase 

2021rdsunshine

squirrelpie said:

2021rdsunshine you should be able to calculate whether the second payment is calculated correctly by working out what his pension will be next tax year. You can see online what his weekly pension amount will be this tax year and multiply it by 4. Then multiply it by 1.041 The number in the latest letter should match the result of your calculation, I think. If it isn't then there would seem to be a problem.

I have just done this calculation from the amount that was stated in the HMRC app and yes you are right in saying that the amount is the same as both letters. But that means that his pension has not increased by 4.1% then. I suppose we’ll just have to wait for that payment in May to see if there was any increase in the amount stated in both letters. 

badmemory

The uplift should have been in one week of the 2 weeks payments being made on 10th April

DRS1

2021rdsunshine said:

squirrelpie said:

2021rdsunshine you should be able to calculate whether the second payment is calculated correctly by working out what his pension will be next tax year. You can see online what his weekly pension amount will be this tax year and multiply it by 4. Then multiply it by 1.041 The number in the latest letter should match the result of your calculation, I think. If it isn't then there would seem to be a problem.

I have just done this calculation from the amount that was stated in the HMRC app and yes you are right in saying that the amount is the same as both letters. But that means that his pension has not increased by 4.1% then. I suppose we’ll just have to wait for that payment in May to see if there was any increase in the amount stated in both letters. 

Not sure I understand this.  You have done the calculation (including multiplying by 1.041)?  The result of that calculation agrees with the letters you have had?  But you still think the pension has NOT increased by 4.1%?  Why?

etienneg

The increase depends on how your pension is made up. Only the new state pension and the basic portion of the old state pension attract the "triple lock" increase of 4.1%; other components increase by CPI, which was 1.7% at the relevant date for the imminent increase.

When you first take up the state pension, you get a letter with a calculation of how much you will get, i.e. how it is made up. What does yours say?

2021rdsunshine

etienneg said:

The increase depends on how your pension is made up. Only the new state pension and the basic portion of the old state pension attract the "triple lock" increase of 4.1%; other components increase by CPI, which was 1.7% at the relevant date for the imminent increase.

When you first take up the state pension, you get a letter with a calculation of how much you will get, i.e. how it is made up. What does yours say?

Both letters give indication of amount and dates to be paid but not how it is made up

2021rdsunshine

DRS1 said:

2021rdsunshine said:

squirrelpie said:

2021rdsunshine you should be able to calculate whether the second payment is calculated correctly by working out what his pension will be next tax year. You can see online what his weekly pension amount will be this tax year and multiply it by 4. Then multiply it by 1.041 The number in the latest letter should match the result of your calculation, I think. If it isn't then there would seem to be a problem.

I have just done this calculation from the amount that was stated in the HMRC app and yes you are right in saying that the amount is the same as both letters. But that means that his pension has not increased by 4.1% then. I suppose we’ll just have to wait for that payment in May to see if there was any increase in the amount stated in both letters. 

Not sure I understand this.  You have done the calculation (including multiplying by 1.041)?  The result of that calculation agrees with the letters you have had?  But you still think the pension has NOT increased by 4.1%?  Why?

Because first letter was in January just after a couple of weeks after applying for pension and the last letter was a couple of days ago and specifically says on the top “increase to your state pension amount “. In both letters the amount to receive is exactly the same so there is no increase 

DRS1

2021rdsunshine said:

DRS1 said:

2021rdsunshine said:

squirrelpie said:

2021rdsunshine you should be able to calculate whether the second payment is calculated correctly by working out what his pension will be next tax year. You can see online what his weekly pension amount will be this tax year and multiply it by 4. Then multiply it by 1.041 The number in the latest letter should match the result of your calculation, I think. If it isn't then there would seem to be a problem.

I have just done this calculation from the amount that was stated in the HMRC app and yes you are right in saying that the amount is the same as both letters. But that means that his pension has not increased by 4.1% then. I suppose we’ll just have to wait for that payment in May to see if there was any increase in the amount stated in both letters. 

Not sure I understand this.  You have done the calculation (including multiplying by 1.041)?  The result of that calculation agrees with the letters you have had?  But you still think the pension has NOT increased by 4.1%?  Why?

Because first letter was in January just after a couple of weeks after applying for pension and the last letter was a couple of days ago and specifically says on the top “increase to your state pension amount “. In both letters the amount to receive is exactly the same so there is no increase 

But someone gave you a way to check based on your online figures.  You say you did that including adding the 4.1% increase and got a figure which agreed with the figures in the letters so presumably the online figures were increased by 4.1% to get the figures in the letters and there is no need for the figures in the letters to be increased any further?  They already included the 4.1% increase.

dealyboy

pinnks said:

I have recently received my award letter with a part week payable on 2 April and the 4-weekly amounts from 30 April - all amounts showing at the current rates,  which is fine as that is the rate in force when that letter was printed and it says that the amounts may change because of uprating.

When I get my increase letter it will have no affect on that first payment but will partially impact the second payment as the increase is applied to your first benefit week that starts on, or after, the first Monday of the new tax year, so 7 April this year.

This means my 30 April payment will include the week commencing 3 April at the current rate, then the weeks commencing on, and after, 10 April at the new rate.  My 30 April payment will therefore contain 1 week at the old rate and 3 at the new rate.

As far as OP is concerned the 11 April payment will be wholly at the current rate as both benefit weeks start before 7 April.  The 9 May payment will be fully at the new rate as all 4 weeks therein start after 7 April. 

@pinnks "This means my 30 April payment will include the week commencing 3 April at the current rate, then the weeks commencing on, and after, 10 April at the new rate.  My 30 April payment will therefore contain 1 week at the old rate and 3 at the new rate."

... indeed and that is exactly what happens. My payment cycle is the same as yours and I expect one week at the old rate on 30th April just as I have received in previous years near the same date.

pinnks

badmemory said:

The uplift should have been in one week of the 2 weeks payments being made on 10th April

That is not correct as the increase applies to the first pension week that starts on, or after, 7 April, not the first week that ends on, or after, 7 April.  The first payment will be 2 weeks at the 2024/25 rate.