People have been urged to check that they have received the latest batch of new pension payments worth £230.
With the high cost of living and planned cuts to disability payments, many will keep a close eye on their bank balance.
The Department for Work and Pensions (DWP) made the latest payment to new state pension recipients on Friday – but only to some with a specific two-digit code.
The DWP code given to all state pension recipients dictates when the payments are made as it corresponds to the last two digits of your National Insurance number.
When was the £230 DWP state pension payments made?
One set of payments was due on Friday, so it is worth checking tomorrow that the money has arrived in your bank account, building society or credit union account.
The payment dates match the last two numbers of your National Insurance (NI) number.
What two-digit codes should you check for?
The payments are made only on weekdays, depending on the last two digits of your NI number:
- 20 to 39: Tuesday
- 40 to 59: Wednesday
- 60 to 79: Thursday
- 80 to 99: Friday
If your normal payment date happens to be a bank holiday, the money might be paid earlier on the previous available weekday.
Who is eligible for the DWP state pension payment?
To qualify for the basic state pension, you need to have reached the threshold age and have enough National Insurance qualifying years under your belt.
You also need to be either a man born before April 6, 1951, or a woman born before April 6, 1953.
People born on or after these dates are part of the new State Pension system instead.
What is the new State Pension?
One key difference to the old State Pension system is that you will not get it automatically, meaning you will have to claim it.
To qualify for the new State Pension, you ned to be born on or after the threshold age above.
You also need 10 qualifying years on your National Insurance record.
One qualifying year means a year when you were working and made NI contributions, received NI credits during unemployment, illness, parental or carer leave, or paid voluntary National Insurance, for example, if you were a freelancer or self-employed worker.
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