Kim said she doesn’t budget for the extra payment, so the extra bonus is “brilliant”
All state pensioners set to be handed extra ‘unexpected’ payment from DWP
State pensioners have been told they will be handed a thirteenth payment unexpectedly – thanks to the way the Department for Work and Pensions (DWP) system works.
Personal finance expert Kim Wintermeyer told TikTok followers: “I thought I’d tell you something really positive about the state pension. Obviously, there are lots of negatives that happen when it comes to pensions.
“The fact that I get taxed on my other earnings, even though I’ve paid tax all this time, that I had to wait until I was 67 in order to be able to claim it; however, there is one particular thing that I found amazing.
READ MORE ‘Regular’ UK families sadly warned to ‘cancel’ Majorca holiday bookings
“Unlike other forms of wages or payments, which would come in on the first or last of the month, the state pension doesn’t do that. It comes in every four weeks, which means the date changes all the time.
“It also comes in 13 instalments. Now, wise ones of you will say ‘yes, there’s only 12 months in the year, so how does it do 13?’ That’s why it does it in every four weeks, but that means that one month you get paid twice, and this is my month where we get paid twice, which is really handy for holidays and things.”
Kim said she doesn’t budget for the extra payment, so the extra bonus is “brilliant”. It’s one of the really good things about state pension, according to Kim, as she thinks it’s a really nice little “pick me up.”
The basic State Pension is usually paid every 4 weeks into an account of your choice. If you want to change the account, tell the Pension Service.
The day your pension is paid depends on your National Insurance number. After you’ve claimed your State Pension you’ll get a letter about your payments.
The new State Pension is usually paid into your account every 4 weeks, too.