Next month two bank holidays will take place and this means many people who claim benefits or receive State Pension will get scheduled payments earlier than planned.
There are a number of bank holidays this May and whilst payments from HM Revenue and Customs (HMRC) and the Department for Work and Pensions (DWP) are usually paid straight into accounts on a regular basis, the bank holidays will see money land into accounts a bit earlier.
HM Revenue and Customs (HMRC) have already announced the updated payment date details for Tax Credits and Child Benefit due in May over the days affected by the bank holidays, reports Daily Record.
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The May Day bank holiday is on Monday, May 1 and payments delivered by HMRC, including Working Tax Credit, Child Tax Credit, Child Benefit and Guardian’s Allowance, due on that date will be made on Friday, April 28. DWP is also expected to announce similar changes to payments due for State Pension and benefits including Universal Credit, Personal Independence Payment (PIP) and Jobseeker’s Allowance (JSA) - we will update this article with confirmation.
The Coronation of King Charles III takes place on Saturday, May 6 which will see Monday, May 8 classed as a bank holiday. HMRC has confirmed payments due on that date will be made on Friday, May 5.
Usually, the DWP payments are made when offices and lines are open and on nationally recognised bank holidays when offices are closed, payments are made on the first working day prior to the affected date.
This would see payments due on Monday, May 8 paid on Friday, May 5.
The bank holiday which is straight after the Coronation of King Charles on May 6 has been set aside for volunteering and is being billed as ‘the big help out’.
Along with The Scouts, the Royal Voluntary Service and faith groups from across the UK, it was organised by The Together Coalition. The aim is to highlight the positive effect that volunteering has on communities.
Buckingham Palace said in tribute to the King's public service, the big help out ‘will encourage people to try volunteering for themselves and join the work being undertaken to support their local areas’. The aim of the day is to use volunteering to bring communities together and create a lasting volunteering legacy from the Coronation weekend.
HMRC payment date changes in May
Payments due to be made on Monday, May 1 will be paid on Friday, April 28 and payments due on Monday, May 8, will be paid on Friday, May 5, 2023.
Payments affected:
- Working Tax Credit
- Child Tax Credit
- Child Benefit
- Guardian’s Allowance
DWP possible payment date changes in May
These have not been confirmed, but expected to follow the same changes as those being made by HMRC, we will update this article as soon as any changes have been announced.
Payments due to be made on Monday, May 1 will be paid on Friday, April 28 and payments due on Monday, May 8, will be paid on Friday, May 5, 2023.
Payments possibly affected:
- Attendance Allowance
- Carer’s Allowance
- Employment Support Allowance (ESA)
- Income Support
- Jobseeker’s Allowance (JSA)
- Pension Credit
- Personal Independence Payment (PIP)
- State Pension
- Universal Credit
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