Early State Pension this month – how one date could affect you

State Pension payments are provided by the government regularly, and can often help those who have left their professions to enjoy life after work, safe in the knowledge they have some financial income. Those who have contributed years of National Insurance (NI) payments throughout their careers are entitled to receive State Pension money from the government. The higher the number of years of eligible NI contributions, the more a pensioner is likely to receive when making a claim.


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For those who retired before April 6, 2016, pensioners are expected to receive up to £134.25 per week.

If retiring after this date, at a maximum, pensioners can expect to receive £175.25 per week. 

While payments of State Pension are regular, there is some disruption which is taking place this month.

The May Bank Holiday, falling this year on Monday, May 25, is likely to affect payment dates for many pensioners across the country.

Usually, State Pension payment falls on any day of the working week, however, when a pensioner is paid is dependent on the last two digits of their National Insurance number: 

  • Monday: Last two digits – 00 to 19
  • Tuesday: Last two digits – 22 to 39 
  • Wednesday: Last two digits – 40 to 59
  • Thursday: Last two digits –  60 to 79
  • Friday: Last two digits – 80 to 99

For those expecting to receive a payment on May 25, the date they will obtain the money will undergo a temporary change.

These pensioners will now see their money arrive slightly earlier than usual, on Friday, May 22.

This is because May 22 is the last working day before the bank holiday. 

The government has committed itself to protecting those Britons who have left work, to ensure they can get by after years of service. 

Under the Triple Lock Mechanism, first introduced by the coalition government in 2010, the State Pension rises by a particular amount each year.

This is by whichever is the highest: the rate of inflation, 2.5 percent, or average earnings for that year.

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In the 2020/21 tax year, which commenced in early April, pensioners witnessed an increase of 3.9 percent in line with average earnings. 

Dependent upon circumstances, and indeed years of eligible work, pensioners are entitled to different amounts of the State Pension.

Extra support is provided to those who have difficult financial circumstances.

Pensioners can also look to increase their State Pension entitlements by taking a variety of measures.

A person may choose to delay their claim, which can significantly increase payments across time. 

The government advises those who wish to review their State Pension entitlements to visit the government website, where more information is provided.

Furthermore, pensioners and future claimants can also receive assistance from financial advisers.

Impartial bodies such as the Pension Advisory Service and Citizens Advice provide both online and over the phone information.

And a personal financial adviser can also provide tailored assistance to those who need it most. 

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