After receiving a bumper 8.5 per cent boost to their finances this April, older Brits on the New State Pension are receiving up to £221.20 every week, which translates to £884.80 per month.
In contrast, those on the Basic State Pension get up to £169.50 per week, equivalent to £678 per four-week period. Nearly 12.7 million individuals across the UK depend on regular financial support from the State Pension, according to the latest figures from the Department for Work and Pensions (DWP).
Still, it appears that many may not realise they have the option to increase the frequency of their State Pension payments from every four weeks to fortnightly or weekly.
A DWP ex-staff member with a substantial 42 years of service has divulged an uncomplicated method to alter the payment intervals for those nearing retirement or already receiving New or Basic State Pension payments.
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