DWP important payment message to anyone on benefits in May

Richard Guttridge & Robert Rowlands

1 May 2024 at 2:15 pm·2-min read

Accounts and social media may be checked — A couple worrying about money -Credit:Shared Content Unit

Benefit recipients have been alerted to a change in payment dates this month due to the bank holiday. The shift, which affects millions who receive benefits such as Attendance Allowance, Carer's Allowance and Employment Support Allowance, could impact how households manage their finances throughout May.

The usual monthly payment dates will be altered because of the bank holiday. It means households will need to stay informed about these changes as it could affect bill payments and budgeting for the month.

Tax expert Andy Wood highlighted: "As the May bank holiday approaches, it's vital for recipients of benefits such as Attendance Allowance, Carer's Allowance, and Employment Support Allowance to be aware of changes to their payment schedules. These payments will be made earlier than usual, specifically moved to May 3 instead of May 6."

He added: "This shift is important to manage effectively, as it can affect financial planning and budgeting. The bank holiday adjustment impacts various benefits including Jobseeker's Allowance, Pension Credit, Personal Independence Payment, and the State Pension, all typically paid every four weeks.

""Recipients should prepare for these payments to arrive earlier, which, while helpful in some cases, may require some to alter their budgeting strategies to cover the extended period until the next payment. " Those receiving Universal Credit, Working Tax Credit, Child Tax Credit, and Child Benefit must also be aware of these changes."

While Universal Credit is paid monthly, and Tax Credits and Child Benefit may be paid weekly or every four weeks, the early payment in May due to the bank holiday could significantly affect your financial rhythm, reports Birmingham Live. Checking these dates early allows for better financial preparedness and avoids potential issues like overdraft fees or missed payments.

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