The May bank holidays could cause havoc for people waiting on their cash
People relying on DWP payments may be in for a surprise next month as two bank holidays could disrupt benefit and state pension payments. The early May bank holiday on May 5 and the Spring bank holiday on May 26 could cause interruptions.
Despite offering two long weekends, the holidays mean that the DWP won’t be able to distribute payments on these days due to government offices and most banks being closed. Instead, people should receive their funds on the nearest working day prior to the holiday.
If you’re set to receive state pension or payments like Child Benefit on May 5, it’s probable you’ll receive payment on May 2 instead. Similarly, those expecting money on the 26th will likely receive it on the 23rd.
This can make budgeting more challenging heading into the summer. As early benefit payments can create a longer than usual gap between payments.
April also saw the Easter bank holiday causing disruptions to DWP payment dates. There will be some relief in June as there are no planned bank holidays expected to interfere with their benefit payments then.
Most benefits are paid every four weeks, so it’s unlikely that a single person would be affected by both the April and May bank holiday disruptions. However, certain people on state pension might be hit by all the upcoming bank holidays.
State pension is typically paid every four weeks, but people can request weekly payments instead. The day of the week you’ll be paid on corresponds to the final digits of your NI number.
Individuals with an NI number ending between 00 and 19 receive their payments on a Monday. Due to all of the bank holidays next month falling on Mondays, those receiving their state pension weekly could be impacted at the beginning and end of the month.
If the bank holidays have passed and you haven’t received your correct benefit or state pension payment, it may be necessary to contact the DWP or HMRC helpline. As per the i Paper, the DWP suggests checking your award notice and bank account prior to making contact.
