State pensioners under 77 given bumper £1,930 Thursday payments | Personal Finance | Finance
Some younger state pensioners will receive two DWP state pension payments totaling up to £1,930.40 in July if they receive payments on Thursdays (and indeed Wednesdays).
Those who become eligible for state pension age in April 2016 and later are paid more per week in the basic rate weekly pension payments package than older state pensioners, at £241.30 rather than £184.90 following the latest Triple Lock increase in April, which added a further 4.8% (though new state pensioners miss out on some older schemes such as Supplementary Pension payments).
Older state pensioners and new state pensioners can receive two state pension payments in June due to the course of the month. New state pensioners are people who reached state pension age in 2016; so they will be no older than 63 for women, 65 for men, and currently up to 76, depending on what period their birthday falls in. Although state pension figures are often reported as weekly figures, DWP state pension payments are actually paid every four weeks.
This means new post-2016 state pensioners will receive up to £965.20 in basic state pension payments for each four-week period, as long as they max out their National Insurance enrollment.
Exactly when you get paid depends on the last two digits of your National Insurance number.
According to the DWP, those with NI numbers ending in numbers 60 to 79 are normally paid on Thursdays. As there are five Thursdays in total in July, state pensioners with these National Insurance numbers will be paid their state pension lump sum payments twice in July 2026, for a total maximum of £1,930.40 in July.
Those with incomplete enrollment will see lower total take-home pay for their retirement benefits depending on how far they are from full enrollment; The DWP calculates this on a case-by-case basis when you first reach state pension age.
The annual total of basic rate state pension payments for an elderly state pensioner comes to £12,547.60.
The Chancellor also announced that future state pensioners who exceed Personal Tax Reduction of £12,570 will not owe tax on their state pension unless they have other income.
Supplementary State Pension schemes for older state pensioners will not be exempt from tax, although details of exactly how this will work have not yet been revealed, HM Treasury told The Express.
