A specific code in your National Insurance number should tell you the exact date you are normally paid your state pension – you’ll need to look at the last two digits to see where you fall
The state pension is due to rise by 8.5% next month – but how do you know which day you’re due to be paid?
New rates for the state pension will come into effect from April 8. The newstate pension is currently worth £203.85 a week if you get the full amount, but this will increase to £221.20. The most you can claim right now if you get the basic state pension is £156.20 a week and this will rise to £169.50. But not everyone gets a full state pension.
It all depends on your National Insurance record and how many qualifying years you have when you come to claim your state pension. You claim the new state pension if you’re a man born on or after April 6, 1951, or a woman born on or after April 6, 1953. Anyone born before these dates will be claiming the old basic state pension.
What day is my state pension paid?
A specific code in your National Insurance number should tell you the exact date you are normally paid your state pension. You’ll need to look at the last two digits. If the digits are between 00 and 19, you are paid on a Monday. It’s Tuesday if they are between 20 and 39, and Wednesday if the digits are between 40 and 59.
Numbers 60 to 79 are paid on a Thursday and numbers 80 to 99 are usually paid on Fridays. But the state pension is usually paid every four weeks, which means you might not actually see your pay rise until May. There are different rules if you live abroad, where you can choose to be paid every four or 13 week.
You’ll also be paid in local currency, which means the amount you get may change due to exchange rates. You can be paid into a UK bank or a bank in the country you’re living in.
