Basic State Pension recipients will receive their latest monthly paymeny on Friday – if they have this code.
The Department for Work and Pensions is paying out payments to state pensioners born before 1953 today. Basic State Pension recipients will receive their latest monthly payment on Friday – if they have this code.
If you are due a payment on Monday, May 26, your Department for Work and Pensions (DWP) payment will instead come to you on Friday, May 23 instead. It will impact anyone with a 00 to 19 code on their National Insurance code.
You can claim the basic state pension if you’re a woman born before April, 6 1953, or a man born before April, 6 1951. The basic state pension increased from £169.50 per week to £176.45 from April.
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As you are paid every four weeks, you should receive a payment worth £705.80 a month if you get the full rate. State Pension payments 2025/26 for the Full New State Pension are £230.25 at a weekly level, £921 at a four-weekly level and annually £11,973.
The Labour Government has pledged to honour the Triple Lock or the duration of its term and the latest predictions show the following projected annual increases: 2025/26 – 4.1%, the forecast was 4%, 2026/27 – 2.5%, 2027/28 – 2.5%, 2028/29 – 2.5% and 2029/30 – 2.5%.
The State Pension age is set to rise from 66 to 67 for men and women between 2026 and 2028, with a further rise to 68 set to be phased in between 2044 and 2046.
This means people born between March 6, 1961 and April 5, 1977 will be able to claim their State Pension as soon as they turn 67.
It’s important to note that not all of the 4.1 million people on the New State Pension receive the full amount as it is linked to National Insurance Contributions. The New and Basic State Pensions increased by 4.1 per cent on April 7, under the earnings growth measure of the Triple Lock.
However, additional elements, along with working age and disability benefits, will rise by 1.7 per cent under the September Consumer Price Index (CPI) inflation rate.
