state pension payment cycle

Biggles

I don't get the problem, Margaret, I should have thought having it come in each week would make budgeting easier? (OK, most months 4, some months 5, but that's surely easier than having double come in every so often?).

If it's that you use use a spreadsheet geared to monthly sums, you need only feed the monthly equivalent into it.

chesky369

Actuallly, I find it easier to cope with my system of 'sweeping over' the fixed amount of state pension from my savings account - on a date I choose - than I do the fact that, instead of getting paid one salary on 20th of every month, as I used to, I now get my main pension on the 20th, one annuity on 14th and the other annuity on 7th of every month. It's quite difficult to adjust to three payments spaced out, rather than one biggy.

alared

Margaretclare

Have you got a telephone number for them please?

chesky369

it might depend where you live - try 0845 60 60 265
chesky

Biggles

margaretclare wrote: »

Looking back, I think that when I first started getting this 12 years ago, there wasn't the option of being paid weekly into the bank. The options were: weekly in cash via a payment book, or 4-weekly into a bank account. It's only since the payment books were abolished that we've had this option of weekly payments into a bank account.

Yes, I think you're right about that.

Hey, and we got the notices of the new rates from April this morning. 3.9% doesn't sound a lot but the new rates look pretty good on paper!

Biggles

alared wrote: »

Have you got a telephone number for them please?

It may vary according to your office. Use the number on the last letter you had (if you haven't kept it, you'll get another in the post this morning or tomorrow - see prev post).

lilac_lady

I'm due to retire in 2 months and I've asked for my pension to be paid weekly. I plan to use it for my food, petrol, and everyday use. My company pension will be paid into another account and my DDs will come out of that one as it covers the cost with a bit extra for saving. My theory is that I'll only feel broke for a few days if I overspend my weekly budget instead of a whole month.

seven-day-weekend

Not old enough yet but having read this thread I will opt to have it paid weekly in January 2010.

jennifernil

We too opted for weekly for all the reasons given. Like Margaret said, per calendar month would be much more sensible than 4-weekly. We have OH's company pension on the first of the month so work with that to cover all the DDs and use the weekly payments to cover any occasional shortfall. Otherwise we transfer the surplus to our savings account.
Still getting used to it but it seems to be working OK.

sorted_2

Can't wait till april, what will we spend all that increase on ? Rates next year probably and the rest.