When it comes to claiming the state pension, the type you could get will depend on when you were born. For instance, men born before April 6 1951 and women born before April 6 1953 will be eligible for the basic state pension. However those born after this date will be able to claim the new state pension. So, what day can you expect your state pension to be paid?
The amount that you get will depend on the type of state pension you’re able to get, and whether you qualify for the full amount.
In order to work this out, you can use the government’s online calculator.
When is the new state pension paid?
New state pension claimants are usually paid every four weeks, in arrears.
This means you’ll receive the money for the previous four weeks, rather than those coming up.
The funds can be paid into an account of your choice.
The day that you will be paid will depend on one particular factor.
And, in actual fact, this is able to be determined by the final two digits of your national insurance number.
Those with NI numbers ending in 00 up to 19, will be paid on a Monday.
Likewise, final digits ranging between 20 and 39 will have Tuesday as their payment day.
Wednesday is the day for anyone who has 40 to 59 at the end of their NI number, and this goes on until Friday – when those with final digits of 80 up to 99 will be paid.
When it comes to getting your first payment, you should get the money within five weeks of reaching state pension age.
When is the basic state pension paid?
As with the new state pension, the day you get the basic state pension depends on the final two digits of your national insurance number.
This follows the same pattern as the new state pension.
The basic state pension is also paid in arrears, and is usually paid every four weeks into the account you wish.
For the basic state pension, the first time you will be paid should be at the end of the first full week after you reached state pension age.
Whichever type of state pension you get, it’s worth remembering that the rules differ if you live abroad.
READ MORE: How much is the full state pension? How you could boost amount you get