Pensioners across the UK are now receiving more money after the State Pension increased by 4.1% for the 2025/26 financial year, in line with the government’s Triple Lock policy.
From April 2025, the full basic State Pension is now worth £176.45 per week, while the full new State Pension stands at £230.25 per week.
This means pensioners are better off by an extra £360 to £470 a year, depending on which pension they receive.
In July 2025, there are no bank holidays, which means State Pension payments will be made on time, without early or delayed disbursements.
The Department for Work and Pensions (DWP) issues payments based on a two-digit code found at the end of your National Insurance number. This code helps determine which day of the week your payment will be made.
July 2025 State Pension Payment Rates
| Type of Pension | Weekly Payment | Monthly Equivalent (Every 4 Weeks) | Annual Total |
|---|---|---|---|
| Basic State Pension | £176.45 | £705.80 | £9,175.60 |
| New State Pension | £230.25 | £921.00 | £11,973.00 |
This increase is part of the government’s commitment to ensure pensions rise in line with inflation, earnings, or 2.5%—whichever is higher.
State Pension Payment Schedule – July 2025
The day you receive your State Pension is based on the last two digits of your National Insurance number:
| NI Number Ending In | Payment Day |
|---|---|
| 00 to 19 | Monday |
| 20 to 39 | Tuesday |
| 40 to 59 | Wednesday |
| 60 to 79 | Thursday |
| 80 to 99 | Friday |
This predictable system ensures payments are evenly distributed across the week. For example, if your NI number ends in 47, you will receive your pension every Wednesday.
How State Pension Payments Work
- Paid every four weeks into your chosen bank account.
- You choose the start date for your pension during the initial claim process.
- The first payment typically arrives within 5 weeks of your selected start date.
- After that, you will receive a full payment every four weeks, based on your NI number.
- If a bank holiday ever affects your payment date, the DWP issues it earlier, but in July 2025, no changes are expected.
Who Gets the State Pension?
To be eligible for the State Pension, you must:
- Have reached the State Pension age (currently 66 for most people).
- Have made at least 10 qualifying years of National Insurance contributions.
- To get the full new State Pension, you need 35 qualifying years.
- Even if you’re still working, you can claim the pension and earn money alongside it.
How Is the Increase Beneficial?
Thanks to the 4.1% increase, retirees now have:
- An extra £360 per year (if on the full basic State Pension).
- An extra £470 per year (if on the full new State Pension).
- No impact on existing benefit entitlements, and your payments remain tax-free below the personal allowance threshold.
What If You’re Just Starting Your Claim?
When claiming for the first time:
- You will be asked to choose your preferred start date.
- Your first payment may be partial, depending on the selected date.
- You’ll receive a letter confirming your first payment and ongoing schedule.
- Payments will then follow the standard four-week cycle.
Important Considerations
- You cannot choose your payment day; it’s determined by your NI number.
- Direct deposit is the standard payment method.
- If you need to change your bank account, do so via your DWP online account or by contacting them directly.
- No action is needed for existing pensioners—payments continue on their regular schedule in July.
July 2025 brings timely and uninterrupted State Pension payments for millions across the UK, now at increased rates thanks to the Triple Lock.
Knowing your two-digit NI code ensures you always know what day to expect your money—a simple but powerful tool for managing your finances.
With no delays, increased rates, and a reliable schedule, pensioners can plan their monthly budgets with confidence. Make sure your personal details are up to date, and enjoy the benefits of a well-earned pension boost this summer.
FAQs
How do I know which State Pension I receive—basic or new?
If you reached pension age before 6 April 2016, you receive the basic pension. After that, you qualify for the new State Pension.
Can I change the day my pension is paid?
No. Your payment day is fixed based on your NI number’s last two digits. However, you can choose the start date when you first claim.
Will my payment be delayed in July 2025?
No. There are no bank holidays in July 2025, so payments will be made on schedule.