The DWP is changing two key state pension payment dates for pensioners this May with the second one happening this Friday, May 23.

May has two bank holidays – the early May day bank holiday on Monday, May 5 and the late May day bank holiday, Monday, May 26. Because bank holidays, as the name suggests, mean banks are not open, benefits paid by the DWP or HMRC that are normally sent into accounts on a Monday will instead be brought forward to the Friday before.

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According to a statement on GOV.UK: “If your payment date is on a weekend or a bank holiday, you’ll usually be paid on the working day before.”

It means that pensioners who normally receive their state pension on a Monday will instead be paid on the Friday before.

Those who get their pension on Monday, May 26 will instead receive their pension payment this coming Friday (May 23), so many may not be expecting the early payment.

The day of the week you normally receive your pension is dictated by your National Insurance number.

If your National Insurance number ends in any number from 00 to 19 (e.g. including 01, 02, up to 18 and 19) then you are paid your pension on a Monday.

It means your pension will be brought forward to the Friday instead.

The DWP explains: “Benefits are usually paid straight into your bank, building society or credit union account. If your payment date is on a weekend or a bank holiday you’ll usually be paid on the working day before.”

State pension payments were increased by 4.1% in April, with those on the full new state pension being paid £230.25 per week, while those on the basic old state pension are paid £176.45.

Both of those amounts require a full National Insurance record – usually between 30 and 35 years of National Insurance contributions. But those who are getting less than about £227 can claim Pension Credit to top up their pension earnings that way.