Money may arrive in bank accounts at unexpected times
Some people will receive payments early.(Image: Derby Telegraph)
Millions of households who get benefits or the state pension are being reminded about potential changes to payments during August.
Cash could arrive at different times to usual because of the August bank holiday – and it could mean surprise early payments landing in bank accounts.
Those affected will be people expecting to get their usual payments on the bank holiday, Monday, August 25.
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The DWP doesn’t process payments on bank holidays so money will instead be sent to these households early, on Friday, August 22.
All DWP payments due on the bank holiday will be affected including Universal Credit, Pension Credit and PIP, as well as the state pension.
Everyone else whose payment dates don’t fall on the bank holiday won’t be affected and should get their payments as normal.
Those getting paid early are warned they will need to make their money go further than usual, until their next payment date.
So it’s important to plan ahead for this and ensure enough money is left in accounts to cover bills.
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Money experts at Spencer Churchill said: “It’s vital that pensioners and benefit claimants are aware of any changes to their payment dates, especially around bank holidays.
“Missing a payment due to a simple oversight can cause unnecessary stress, particularly for those living on a fixed income.
“Receiving your payment earlier might seem like a good thing, but it also means that you’ll have to stretch that money further until the next instalment.
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