income <\/strong>with regular household expenditure. It has also suggested that receiving larger individual instalments might create the impression of increased income.<\/p>\n\n\n\nThe full State Pension is worth \u00a312,548 in the 2026\/27 financial year. Dividing that annual amount into 13 four-weekly instalments produces payments of approximately \u00a3965 each. Under a monthly arrangement, the same annual amount would instead be divided into 12 payments of approximately \u00a31,046. The Social Market Foundation described this as an 8% increase in the amount received per instalment.<\/p>\n\n\n\n
The organisation acknowledged that some pensioners appreciate the months in which two payments arrive. It also questioned whether there were strong policy reasons<\/strong> for maintaining the four-week system, suggesting that existing arrangements were largely practical.<\/p>\n\n\n\nMoving to monthly payments would nevertheless require decisions about how instalments should be calculated, including whether they should reflect the number of days in each month or represent one-twelfth of annual entitlement. Rules governing payments when a pension begins or following a recipient’s death would also need consideration. A different scheduling mechanism<\/strong> would be necessary because the current system links payment weekdays to National Insurance numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"Some people receiving the new State Pension could receive two payments of \u00a3965 in October 2026, with the Department for Work and Pensions (DWP) following its usual four-week payment schedule. The arrangement means certain pensioners will receive \u00a31,930 before the end of the month.<\/p>\n","protected":false},"author":2,"featured_media":126903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-126901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=126901"}],"version-history":[{"count":3,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126901\/revisions"}],"predecessor-version":[{"id":126906,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126901\/revisions\/126906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/126903"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=126901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=126901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=126901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}