Gransnet forums

Legal, pensions and money

Pension

(45 Posts)
lindiann Tue 17-Sept-24 17:28:51

I can nearly apply for my State Pension. Does any one know if you can have it paid weekly, if you have it paid monthly you have to wait a month for it to be paid, if you have it weekly does it start a week from your birthday or a month then it gets paid weekly?

Kim19 Tue 17-Sept-24 20:06:58

Weekly is my choice. Simply applied and....bingo.

BevSec Tue 17-Sept-24 21:22:50

You get half the amount two weeks after your birthday then the full amount four weeks later, then the full amount every four weeks following.

Margiknot Tue 17-Sept-24 21:30:09

Mine was similar to BevSec.

Cabbie21 Tue 17-Sept-24 21:43:56

I chose to get mine weekly.

NotAGran55 Tue 17-Sept-24 22:08:12

My pension pay day is a Friday, and I received my first pension payment of 3 days just 3 days after my birthday.

Then every 4 weeks on a Friday, not monthly.

You can request weekly payments.

GrandmaKT Tue 17-Sept-24 22:08:31

Ooh, it'll be my turn next year! Do you get sent the forms/email (if so, how far in advance of your birthday?)or do you just go online to apply?

tanith Tue 17-Sept-24 22:16:39

Mine is paid weekly too.

Marydoll Tue 17-Sept-24 22:54:22

Mine is paid every four weeks on Friday,
If I had weekly, it would disappear into the ether.

Allira Tue 17-Sept-24 22:56:46

I chose weekly too.

crazyH Tue 17-Sept-24 22:58:29

Weekly

biglouis Tue 17-Sept-24 23:06:05

This is a question one of my relatives (approaching pension age) is asking. I can vaguely recall filling in the initial form and seeing that there was a choice. As I have been paid monthly all my life I chose the latter.

Allira Tue 17-Sept-24 23:11:20

biglouis

This is a question one of my relatives (approaching pension age) is asking. I can vaguely recall filling in the initial form and seeing that there was a choice. As I have been paid monthly all my life I chose the latter.

I've always been paid monthly and my works pension is too but I chose weekly for the SP as it was advised at the time; the reason is lost in the mists of time.

Pantglas2 Wed 18-Sept-24 04:59:57

The benefit of getting it paid every four weeks is that once a year there’s a month with two paydays 😊 and it feels like Christmas!

Marydoll Wed 18-Sept-24 07:35:20

Pantglas2

The benefit of getting it paid every four weeks is that once a year there’s a month with two paydays 😊 and it feels like Christmas!

I agree! 😂

SaxonGrace Wed 18-Sept-24 11:44:31

Mines fortnightly

Secondwind Wed 18-Sept-24 12:05:04

I was unaware that State Pension was paid a month in hand - what an unpleasant discovery that was!
I was unaware that it could be paid weekly and have no recollection of having a choice. Might look into it…

BigBopper Wed 18-Sept-24 12:17:37

My state pension is paid every four weeks and my private pension is paid every month.

M0nica Wed 18-Sept-24 12:24:34

Pantglas2

The benefit of getting it paid every four weeks is that once a year there’s a month with two paydays 😊 and it feels like Christmas!

In fact, the 'extra' month funds my Christmas.

lindiann Wed 18-Sept-24 14:12:55

Thanks everyone

Georgesgran Wed 18-Sept-24 14:16:50

It’s my double month now!
It’ll pay for my holiday spending when the credit card statement plops on the mat!

Pantglas2 Wed 18-Sept-24 14:21:23

SaxonGrace

Mines fortnightly

Mr PG gets his every two weeks and like you finds that there are two months in the year, six months apart, when he gets 3 x 2 week payments!

I know it all adds up to the same annual amount regardless of frequency but it sure FEELS like a win in a bonus month!

2oaktrees Wed 18-Sept-24 16:17:43

Pantglas2 I wasn't aware of this. Does the double payment depend on when you began receiving your pension? I suppose it must.

Snowbell Wed 18-Sept-24 17:23:46

I get mine 4 weekly. I wish I had the option of monthly. My workplace pension is paid monthly as are all my direct debits for household bills. It would be much easier for me to have the SP monthly as well.

Georgesgran Wed 18-Sept-24 17:30:14

The 4 weekly is what most people simply refer to as monthly.
However, with 52 weeks in the year, there are 13 payments, which is why we end up getting 2 payments in one month once a year.