Both of you should have had letters telling you how much you will be getting and when it is going up. The increase starts from the 10th of April and as it is paid in arrears he won't have got the increase yet.
Mine is paid 2 weekly whilst my wife's is paid 4 weekly. No idea why, it's just how we were told they were going to be paid. I have had one lot at the old rate but next week I'll get the second lot at the new rate. This has happened every year since we retired.
10% rise is all very well but the REAL cost of living as measured by the 7 essentials of rents/Mortgages, council tax, food, gas, electricity, water, and travel expenses (car fuel or public transport) has probably risen by more than 20% for people on a low income, as those things take up most of their income.
Quote: Originally posted by Colin21 on 13/4/2023
10% rise is all very well but the REAL cost of living as measured by the 7 essentials of rents/Mortgages, council tax, food, gas, electricity, water, and travel expenses (car fuel or public transport) has probably risen by more than 20% for people on a low income, as those things take up most of their income.
Totally right Colin, they also forget that us, more mature, citizens, did exactly the same through our working life…….When interest rates were a LOT higher than they are now! They have had it easy, try a 12% mortgage rate when you are bringing up kids, as we did. Do I have an ounce of guilt……Nope, non. 🤷
Quote: Originally posted by Capt Lightning on 13/4/2023
I wish my state pension was paid monthly instead of 4 weekly, it would make things tidier.
I know what you mean as I was paid monthly when I worked and now I'm paid two-weekly. I've now been retired 10 years though so I've got used to it.
Things have certainly changed over the years. When I first started work I was paid cash in a brown envelope on a Friday afternoon. We all adapt in time.
Quote: Originally posted by Capt Lightning on 13/4/2023
I wish my state pension was paid monthly instead of 4 weekly, it would make things tidier.
I know what you mean as I was paid monthly when I worked and now I'm paid two-weekly. I've now been retired 10 years though so I've got used to it.
Things have certainly changed over the years. When I first started work I was paid cash in a brown envelope on a Friday afternoon. We all adapt in time.
Ah yes, the brown envelope pay packet. I also remember the excitement when the foreman came round one afternoon and told us all, payrise starting Monday and us apprentices would get 1/2 penny an hour rise. Gosh, we felt rich. That would take my pay to nearly £4 per week.
Quote: Originally posted by Capt Lightning on 13/4/2023
I wish my state pension was paid monthly instead of 4 weekly, it would make things tidier.
by being paid monthly you will get 12 payments, paid every 28 days and you get 13 payments over the 12 month period, wether that would work out more beneficial to you or the gov't i do not know ...i suspect the latter as more is kept "in the kitty" for longer earning them the interest [possibly]
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I've usually assumed that it was a hangover from pensions being paid weekly. Remember the queues at the post office on pension day? (remember post offices?)
It doesn't really matter too much - it just goes into my bank account, but my other pensions come in monthly and most bills go out monthly. My main occupational pension is paid in advance. I had hoped to see a nice rise, but the increase in tax due to freezing the personal allowance has taken a big bite out of it.
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Topic: State pension
via mobile 12/4/2023 at 7:34am
