New State Pension pay delay warning for older people due to retire this financial year
dailyrecord.co.ukThe latest statistics from the Department for Work and Pensions (DWP) show the State Pension currently provides regular financial support for 12.7 million older people across the country, including over one million retirees living in Scotland.
This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions.
However, people approaching the official age of retirement this year may not be aware the State Pension is regarded as a contributory benefit and is not paid automatically by the DWP.
The payment needs to be claimed, or retirees could face a delay in receiving their first payment of up to £221.20 each week, or £884.80 every four-week pay period.
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