STATE pension payments are particularly important for millions of people in retirement. However, some are calling upon the Government to increase the sum to provide pensioners with more financial support.
STATE pension payments increase each year due to the Triple Lock Mechanism, with increases protected for British pensioners living overseas, but only in certain countries. This has proved an issue, which many have called upon the government to rectify.
STATE PENSION payments are particularly important for the retirement income of millions of Britons, and increases are welcomed. However, as the sum rises this year, some will find they miss out.
This, too, falls on a Friday, and so those expecting to be paid on the first day of 2021 will also see some changes.
These individuals can instead expect to receive their state pension payment on December 31st, 2020 - so they will have their money in time for the new year.
However, despite there being changes to contend with, pensioners affected will not have to take any further action to receive the money to which they are entitled.
This is because payments are processed automatically, and will be changed to reflect bank holidays by the DWP.
State Pension UK: What is State Pension? (Image: EXPRESS)