KEY TAKEAWAY BOX
- Pension Credits Payment Dates:Â Payments will be made early due to the August Bank Holiday on Monday, August 26, 2024.
- Changes in State Pension:Â The State Pension is set to rise by 8.5% in April 2024.
- Universal Credit Adjustments:Â Payment dates for Universal Credit and other benefits will also be adjusted in August.
- Claiming Pension Credit: Eligible pensioners have a limited window to claim an extra £299 Cost of Living Boost.
Introduction
Hey Hustlers! Wondering when you’ll receive your Credits this month? Stay tuned as we dive into the latest updates for August 2024, ensuring you’re informed and ready for any changes.
August 2024 Pension Payment Dates
Due to the Summer Bank Holiday on Monday, August 26, all pensions and benefits that would normally be paid on this date will be credited on Friday, August 23 instead. Make sure to plan accordingly to avoid any financial hiccups.
Upcoming Changes to State Pension
Big news! The State Pension is due to rise by 8.5% in April 2024. This means the new full State Pension will be £221.20 per week, ensuring better support for our senior citizens.
Universal Credit Adjustments
Universal Credit payment dates are also affected by the August Bank Holiday. If your payment date falls on the holiday, you can expect the funds to be deposited earlier. This change aims to help you manage your finances without any interruptions.
How to Claim Pension Credits
If you haven’t already, now is the perfect time to check if you’re eligible for Pension Credits. The Department for Work and Pensions (DWP) is urging retirees to apply before the deadline to secure an additional £299 Cost of Living Boost. Even a small amount of Pension Credit can open doors to further financial assistance, covering housing costs, council tax, and heating bills.
Claiming Methods:
- Online: Visit the Pension Credit application page to apply online.
- Phone:Â Call the Pension Credits claim line at 0800 99 1234.
- Post: Print and send a completed paper application form.
Important Rates for 2024
Here are the current rates for Credits as of April 2024:
| Category | Weekly Amount (£) |
|---|---|
| Single Person | 218.15 |
| Couple | 332.95 |
| Severe Disability | 81.50 |
| Carers | 45.60 |
FAQs
When will my Pension Credits be paid in August?
Payments due on August 26 will be made on August 23 due to the bank holiday.
How much will the State Pension increase in 2024?
The State Pension will rise by 8.5%, bringing the full State Pension to £221.20 per week.
Can I apply for Pension Credits online?
Yes, applications can be made online through the Pension Credit application page.
What if I miss the deadline?
It’s crucial to apply by the specified deadline to secure the additional Cost of Living Boost.
What additional benefits can Pension Credits provide?
Pension Credits can provide extra support with housing costs, council tax, and heating bills.
How do bank holidays affect my benefit payments?
Payments are usually made early if they fall on a bank holiday.
Where can I get help with my Pension Credits application?
You can get assistance from the Credits claim line at 0800 99 1234 or visit a local support center.
For more detailed information and resources, visit HustleHub and the official Pension Credit page.
Let’s make sure you’re fully prepared and informed for any changes this month, Hustlers!