Universal Credit, PIP, and other benefit claimants may find their payments arrive earlier than expected next week. Monday, August 26, is a bank holiday, meaning payments from the Department for Work and Pensions (DWP) won’t be made on this day. If you are due to receive a DWP benefit payment on this day, you may find you receive it early.
If your payment is due on August 26, you will receive it on August 23. If you’re payment is due on a different day, it will arrive in your account as normal and the amount you are due to be paid will remain the same. Andy Wood, money expert from Crypto Tax Degens, said: "Bank holidays often disrupt the regular schedule of benefit payments, which can be concerning for those who rely on this income.
"Changes in payment schedules, such as those occurring due to the August bank holiday, are significant for vulnerable populations, including those receiving Universal Credit, Personal Independence Payment (PIP), and State Pension. "An early payment ensures that these individuals, many of whom live on tight budgets, can maintain their financial stability without interruption." While being paid earlier sounds like a positive, the money will also have to last you longer, as payment dates will return to normal following the two May bank holidays.
These are the benefits that may be affected by the bank holiday weekend: Attendance allowance Carer’s allowance Child benefit Disability living allowance Employment and support allowance Income support J.