State pensioners under 76 handed £1,930.40 Friday payments in May | Personal Finance | Finance
Some lucky younger state pensioners will have a bumper May with two DWP state pension payments totalling up to £1,930.40
Those who hit state pension age after April 2016 are given more per week than older state pensioners in their basic weekly payments, at £241.30 rather than £184.90, after the recent Triple Lock boost which added another 4.8% in April (though new state pensioners don’t get any Additional Pension payments).
Older state pensioners and new state pensioners alike can get two state pension payments in May due to the way the long five-week month falls.
New state pensioners are those who hit state pension age in 2016, so would have been 66 then – and up to 76 now.
Though state pension figures are often reported as weekly figures, the DWP state pension payments are actually paid every four weeks.
That means that for every four-week period, new post-2016 state pensioners will get up to £965.20 from their basic rate state pension payments, as long as they have maximised their National Insurance record.
Exactly when you’re paid depends on the last two digits of your National Insurance number.
According to the DWP, those whose NI number ends in digits between 80 and 99 are normally paid on Fridays. And because May has five weeks, including five Fridays, state pensioners with these National Insurance numbers will get paid their state pension twice in May 2026 – for a total maximum of £1,930.40 in May.
Those with incomplete records will see lower total take-home for their pension payments, depending on how far off the full record they are, which the DWP calculates on a case-by-case basis when you first hit state pension age.
The annual sum of basic rate state pension payments for an older state pensioner comes to £12,547.60.
The Chancellor has also announced that in future, state pensioners who exceed the £12,570 Personal Tax Allowance will not owe tax on their state pension, as long as they have no other income. Details of exactly how this will work are yet to be revealed, although Additional State Pension schemes for older state pensioners will not be exempted from tax, HM Treasury has confirmed to the Express.
