Some younger state pensioners will have a boost in October, with two DWP state pension payments totalling up to \u00a31,930.40.<\/p>\n
Those who retired after April 2016 are able to get a maximum of \u00a3241.30 per week in their basic state pension<\/a> payment, assuming a full National Insurance record. In April 2016, those qualifying for a state pension would have been aged 66, so the oldest that a new state pensioner could be now is 77, depending on where their birthday falls.<\/p>\n But older state pensioners and new state pensioners alike can get two state pension payments in June due to the way the long five-week month falls.<\/p>\n Though state pension figures are often reported as weekly figures, the DWP<\/a> state pension payments are actually paid out for every four week period.<\/p>\n That means that for every four weeks, new state pensioners will get up to \u00a3965.20 from their basic rate state pension payments, as long as they have maximised their National Insurance record.<\/p>\n Exactly when you’re paid depends on the last two digits on the end of your National Insurance number.<\/p>\n According to the DWP, those whose NI number ends in digits between 60 to 79 are normally paid on Thursdays. And because October has five Thursdays, younger state pensioners with these National Insurance numbers could get paid their state pension twice in October 2026 – for a total maximum of \u00a31,930.40 in October from the basic rate payments, assuming a full National Insurance record.<\/p>\n Those with incomplete records will see lower total take-home for their pension payments, depending on how far off the full record they are, which the DWP<\/a> calculates on a case-by-case basis when you first hit state pension age.<\/p>\n The annual sum of basic rate state pension payments for a younger state pensioner comes to \u00a312,547. Crucially, this is still below the threshold for Income Tax, although it does mean that any other income, such as savings interest, work or letting a property, could tip you into owing tax to HMRC<\/a>.<\/p>\n The Chancellor has also announced that in future, state pensioners who exceed the \u00a312,570 Personal Tax Allowance will not owe tax on their state pension, but this relies on having no other income. Details of exactly how this will work are still yet to be confirmed by the Treasury, but the next Budget, on October 28 – the first under John Healey – is expected to shed more light on the specifics. The scheme was first announced by ex-Chancellor Rachel Reeves<\/a>, but new Prime Minister Andy Burnham has committed to keeping the exemption in place.<\/p>\n","protected":false},"excerpt":{"rendered":"Some younger state pensioners will have a boost in October, with two DWP state pension payments totalling up…\n","protected":false},"author":2,"featured_media":798686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[52542,4029,84,2215,59,6215,110702,2221,68251,8183,56,54,55],"class_list":["post-798685","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-autumn-budget-2025","tag-benefits","tag-business","tag-dwp","tag-gb","tag-pension-credit","tag-personal-allowance-threshold","tag-state-pension","tag-state-pension-increase","tag-triple-lock","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/798685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=798685"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/798685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/798686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=798685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=798685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=798685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}