Since Good Friday and Easter Monday fall on April 18 and 21 respectively, the DWP has announced that benefits will be paid out the day before the long weekend.
The Department for Work and Pensions has confirmed a change is coming to state pension payments next month. Since Good Friday and Easter Monday fall on April 18 and 21 respectively, the DWP has announced that benefits will be paid out the day before the long weekend.
Payments are now scheduled to be made on Thursday April 17. If your payment is due on either Good Friday, it is likely you will receive the payment on Thursday, April 17.
The same is true for those expecting a payment on Easter Monday. If you’re payment is due on a different day, it will arrive in your account as normal and the amount you are due to be paid will remain the same.
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State pensioners will see their state pension increase by up to £470 in April. Under the triple lock – which guarantees an increase in line with average earnings, inflation or 2.5%, whichever is highest – the full State Pension is to increase by £470 a year to £11,973 next month.
The increase was confirmed last year, when Labour Party Chancellor Rachel Reeves announced the Government would be maintaining their commitment to the pension triple lock.
The triple lock is a government commitment to uprate the basic and new State Pension every year by the highest of earnings growth, inflation, or 2.5%. There is a statutory requirement to uprate both the basic and new State Pension every year at least in line with earnings, but the triple lock commitment goes beyond this. Different uprating arrangements apply to the other parts of the State Pension.
Pension Credit is also increasing from April, with the Chancellor saying: “The pension credit standard minimum guarantee will also rise by 4.1% from around £11,400 per year to around £11,850 for a single pensioner.”
The triple lock, along with the introduction of the new State Pension, has increased the value of the State Pension relative to average earnings to a level not seen since 1980, when the policy of uprating in line with earnings was ended.
