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State pensioners have been informed they will receive an unexpected thirteenth payment, due to the workings of the Department for Work and Pensions (DWP) system. Personal finance expert Kim Wintermeyer shared with her TikTok followers: “I thought I’d tell you something really positive about the state pension. Obviously, there are lots of negatives that happen when it comes to pensions.
“The fact that I get taxed on my other earnings, even though I’ve paid tax all this time, that I had to wait until I was 67 in order to be able to claim it; however, there is one particular thing that I found amazing. Unlike other forms of wages or payments, which would come in on the first or last of the month, the state pension doesn’t do that.
“It comes in every four weeks, which means the date changes all the time. It also comes in 13 instalments.
“Now, wise ones of you will say ‘yes, there’s only 12 months in the year, so how does it do 13?'” That’s why it does it in every four weeks, but that means that one month you get paid twice, and this is my month where we get paid twice, which is really handy for holidays and things.”
Kim mentioned she doesn’t budget for the extra payment, so the additional bonus is “brilliant”. According to Kim, it’s one of the truly great aspects of the state pension, as she believes it’s a lovely little “pick me up.”
The basic State Pension is typically paid every 4 weeks into an account of your choice. If you wish to change the account, inform the Pension Service, reports Birmingham Live.
The date of your pension payment is determined by your National Insurance number. Following your State Pension claim, you’ll receive a letter detailing your payments.
Typically, the new State Pension is deposited into your account every four weeks as well.
