The festive season is on its way, and this year Christmas is going to be more important than ever before for many people.
Whether it’s making the most of the Christmas support bubbles and getting to hang out with up to three other households for the first time in months or it’s just enjoying some time to rest and recharge, the one thing you don’t want this festive season is money worries.
Some employers will change the way their employees get paid over the holidays so will you be getting paid before the big day?
Christmas pay dates 2020
It’s not uncommon for employers to change the payday for December so that you have money to cover Christmas.
With Christmas Day a Friday this year, many might move your payments to December 23 or 24 to get ahead of the weekend and bank holidays that will stretch from Friday, December 25 to Monday, December 28.
Many might even pay you the week before, giving you enough money to get everything you might need.
Having Christmas covered is one thing, but people already have a high chance of going into debt over Christmas and an early payday could mean having to make one paycheque last longer than usual.
Giving up on presents altogether might be too drastic for some, but you can check out Equifax’s tips to help those budgeting over Christmas, such as always keeping your present receipts and putting a small amount of savings away each year specifically to cover Christmas.
Universal Credit payments over Christmas
Universal Credit – which includes Housing Benefit, Employment and Support Allowance (ESA), Jobseeker’s Allowance, Child Tax Credit, Working Tax Credit and Income Support – payments will also be different over the Christmas period.
If your payment is due between December 24 and 28 , you should receive your money on Christmas Eve.
If you are expected to be paid on December 29, 30 or 31, you should be paid as normal.
If you are due to be paid on January 1, you should receive your payment on New Year’s Eve (December 31).
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