Two bank holidays take place next month that will see some people receive scheduled payments earlier than planned. HM Revenue and Customs (HMRC) has already published updated payment date details for Tax Credits and Child Benefit due over the affected days in May, while the Department for Work and Pensions (DWP) is expected to announce similar changes soon.
The May Day bank holiday is on Monday, May 1 and payments delivered by HMRC, including Working Tax Credit, Child Tax Credit, Child Benefit and Guardian’s Allowance, due on that date will be made on Friday, April 28. DWP is also expected to announce similar changes to payments due for State Pension and benefits including Universal Credit, Personal Independence Payment (PIP) and Jobseeker’s Allowance (JSA) - we will update this article with confirmation.
The Coronation of King Charles III takes place on Saturday, May 6 which will see Monday, May 8 classed as a bank holiday. HMRC has confirmed payments due on that date will be made on Friday, May 5.
