DWP and HMRC payments to change on three key dates as claimants urged to check

David Bentley

22 May 2024 at 11:26 am·3-min read

Two hands opening a wallet with a £10 note inside — DWP and HMRC payment schedules will change because of the May Bank Holiday with claimants urged to check their accounts before the weekend begins -Credit:Getty Images/iStockphoto

Millions are set to see changes in their benefit payments over the coming days. The May bank holiday weekend will disrupt the usual schedule and result in funds going into accounts on a different date.

The Spring Bank Holiday, also known as the Late May Bank Holiday, falls on Monday, May 27, prompting the DWP and HMRC to adjust people's due dates to the nearest working day beforehand. Benefits typically paid on May 25, 26, or 27 should now be credited to accounts on Friday, May 24.

While this means people will receive their money sooner, the funds will have to stretch further until the next scheduled payment. Advisors have urged claimants to plan their finances carefully so they avoid being left short during the longer interval before their next due date.

READ MORE:

The Department for Work and Pensions says: "If a payment date is on a bank holiday or weekend, customers will be paid on the last working day before the bank holiday or weekend."

The three altered payment dates are:

Payment due May 25 (Saturday) - will be paid on Friday, May 24.
Payment due May 26 (Sunday) - will be paid on Friday, May 24.
Payment due May 27 (Bank Holiday Monday) - will be paid on Friday, May 24.

The DWP has listed the benefits impacted by the bank holiday adjustments, including Attendance Allowance, Carer's Allowance, Child Benefit, and Disability Living Allowance. Also affected are Employment and Support Allowance, Income Support, Jobseeker's Allowance, Pension Credit, Personal Independence Payment, State Pension, Universal Credit, and Tax credits (such as Working Tax Credit).

Universal Credit is the only benefit where a scheduled payment date could fall on a weekend as it is linked to a specific date each month for each claimant. For instance, if your first Universal Credit payment arrived on February 25, it will always go in on the 25th of the month unless that happens to be a Saturday, Sunday, or bank holiday. In that case, it will instead be paid on the nearest working day beforehand.

Other benefits are tied to a weekday so would never fall on a weekend but could still be affected by the bank holidays. This includes State Pension for anyone normally paid on a Monday, which applies to those with a National Insurance number ending with two numbers between 00 and 19.

Many people will now be seeing the new 2024/2024 rates fully applied to their benefits, including those paid this week and next week. For those on Universal Credit, the first to see the new amounts were those paid on May 14. Some will have to wait until June, depending on their assessment periods.

Bear in mind that DWP and HMRC helplines, jobcentres and independent support organisations such as Citizens Advice will all be shut over the bank holiday weekend. Therefore, it's crucial to ensure the cash has been received before the close of business on Friday as there'll be no chance to report a missing payment after that until next Tuesday.

It's also worth noting that Tuesday payments directly after the bank holiday - those due on May 28 - won't be impacted. Payments are processed automatically so despite the closures the day before they will go in as usual.

Get breaking news on BirminghamLive WhatsApp. Join our dedicated community to get the latest updates. You can find out more in our Money Saving Newsletter which is sent out daily with all the updates you need to know on pensions, benefits, finances, bills and shopping discounts.

OK! Magazine
Drivers warned that most car owners will be hammered with new £410 tax from next April
New rules will see many drivers forced to pay additional tax on their vehicle from next year. The so-called 'luxury' car tax would see motorists forking out £410 each year
The Telegraph
Pensioners face shock tax bills within weeks
Some 140,000 pensioners will be hit with tax bills in the next six weeks as a stealth raid on retirement incomes bites.
The Telegraph
‘A £25k gamble made me millions – then I got hit with a seven-figure tax bill’
Tucked away in a corner of Oxfordshire is what’s believed to be southern England’s largest barn complex. At 200 years old, they were built to last, and given they’re now Grade II-listed, they’re also here to stay.
The Telegraph
Foreign investor that loaded Thames Water with debt takes control of UK gas network
The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal.
The Telegraph
‘Why is it so hard to spend a £10 note in central London?’
I have a confession to make. Despite writing regularly about how important cash is for many, I rarely use notes and coins.
The Telegraph
Record 200,000 customers ditch BT Openreach broadband
BT has lost a record number of broadband customers to rival providers amid growing competition.
Fool.co.uk
Potentially 42% undervalued, is this FTSE 100 company a sleeping giant?
The FTSE 100 is full of opportunities for the patient investor, and I think I may have found one that merits a closer look. The post Potentially 42% undervalued, is this FTSE 100 company a sleeping giant? appeared first on The Motley Fool UK.
Fool.co.uk
Investing £10K into this FTSE 100 giant could bag me a second income worth £980
This Fool explains how dividend investing in the right picks could help build a second income stream, as well as one stock she likes. The post Investing £10K into this FTSE 100 giant could bag me a second income worth £980 appeared first on The Motley Fool UK.
Fool.co.uk
This FTSE 100 stock’s down 50%, and a director just bought 8,000 shares
Directors of this blue-chip company have been snapping up a load of its shares. Should I do likewise and buy the dip in this FTSE 100 stock? The post This FTSE 100 stock’s down 50%, and a director just bought 8,000 shares appeared first on The Motley Fool UK.
The Guardian
Rachel Reeves urged to crack down on wealthy tax avoiders
Calls follow Guardian undercover investigation as chancellor poised to reveal £20bn hole in UK finances
Fool.co.uk
This FTSE small-cap stock could rise 75% says one top broker
Our writer takes a look at a very interesting little FTSE stock and considers whether he should add it to his summer buy list. The post This FTSE small-cap stock could rise 75% says one top broker appeared first on The Motley Fool UK.
Yahoo Finance UK
Best UK savings accounts offering above inflation rates
See the best savings accounts to find a top-rated deal that works for you.
Fool.co.uk
5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth?
A falling share price has supercharged the dividend yield on this FTSE 100 share. Here's why it could be a great passive income share for years to come. The post 5.5% dividend yield! Is this FTSE 100 stock a great buy for dividend growth? appeared first on The Motley Fool UK.
Simply Wall St.
Returns At Tethys Petroleum (CVE:TPL) Are On The Way Up
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
The Telegraph
How to avoid paying higher-rate tax, even if you earn £110,000
The new Labour government has confirmed that it will stick to the Conservatives’ plan to freeze income tax thresholds until 2028, which means millions of taxpayers face being dragged into a higher tax bracket in the coming years. However, by following our tips, and doing a bit of extra planning, even those earning £110,000 won’t have to pay higher-rate tax.
The Telegraph
Car insurance fraud: the latest tricks used by criminal gangs and opportunist drivers
If you have filled out a car insurance application and have been tempted to economise on the truth, you won’t be alone. Defrauding motor insurers is the most popular insurance fraud, making up six in 10 cases (59 per cent) according to the Association of British Insurers (ABI). Those doing it range from organised gangs, ripping off insurers on an industrial scale, to regular drivers opportunistically inflating claims.
Fool.co.uk
This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying?
Flying under most investors' radars, this FTSE 250 stock has even outperformed the US chip maker year-to-date. Where will its share price go next? The post This FTSE 250 stock has smashed Nvidia shares in 2024. Is it still worth me buying? appeared first on The Motley Fool UK.
Fool.co.uk
10% dividend increase! Is IMI one of the best stocks to buy in the FTSE 100 index?
To me, this firm's multi-year record of well-balanced progress makes the FTSE 100 stock one of the most attractive in the index. The post 10% dividend increase! Is IMI one of the best stocks to buy in the FTSE 100 index? appeared first on The Motley Fool UK.
The Guardian
Fears of automotive industry downturn as profits slide at Nissan and Stellantis
Carmakers announce disappointing results, and production in UK revealed to have dropped
Simply Wall St.
Top UK Dividend Stocks To Consider In July 2024
The United Kingdom stock market has shown stability over the last week and a modest growth of 4.5% over the past year, with earnings forecasted to grow by 13% annually. In this context, dividend stocks that demonstrate consistent payouts and potential for earnings growth are particularly appealing for investors looking to capitalize on current market conditions.

Latest stories