DWP XB Meaning

DWP XB Meaning: What State Pension Bonus You are Going to Get in December 2021?

DWP XB will be provided to millions of people next month (December) in the UK. But what is DWP XB meaning? DWP stands for Department of Work and Pensions, while XB stands for Christmas Bonus. So as a whole, DWP XB means the Department for Work and Pensions Christmas Bonus. Read on to learn: DWP XB meaning, how much do you get for the Christmas Bonus benefit, who is eligible to receive it, and do you need to claim it?

DWP XB

 

Save your time, money, and stress with Accotax. We offer a wide range of Accounting Services to Meet Your Business Goals Beyond Numbers. We have a team of accountants & tax experts to save your pennies against unwanted taxes. Contact us right now!

 

DWP XB Meaning: Christmas Bonus

As discussed, the DWP stands for Department of Work and Pensions and the XB stands for Christmas Bonus. The DWP is the government body responsible for administering state pensions in the UK. It provides benefits, including, the Christmas benefits for the pensioners struggling financially in the gruelling winter and who’re already getting long-term social welfare payments.

 

How Much Christmas Bonus I will Get?

As a Christmas bonus, you will get a one-time tax-free payment of £10. Note that this payment won’t affect other benefits you are entitled to. Like all other benefits, you’ll receive this benefit into your bank account or any other account and it will be mentioned as DWP XB on your bank statement.

 

When I Will Get this Benefit?

This benefit is paid before Christmas to the people who are getting other benefits in the qualifying week. Normally, it is the first week of December. Since this year (2021), Christmas will fall on a Saturday, which means that you’ll most probably receive the payment on the working day which is Friday, December 24, 2021.

 

Who’s Eligible to Receive this Benefit?

If you’re an ordinary resident of the UK, Sile of Man, Channels Islands, or Gibraltar or present there during the qualifying week, you are eligible to get this benefit.

Bear in mind that you need to be entitled to one of the following allowances/reliefs in the qualifying week (December’s first week):

  • Attendance Allowance
  • Armed Forces Independence Payment
  • Child Disability Payment
  • Carer’s Allowance
  • Contribution-based Employment and Support Allowance
  • Constant Attendance Allowance
  • Incapacity Benefit at the long-term rate
  • Disability Living Allowance
  • Industrial Death Benefit (for widows or widowers)
  • Mobility Supplement
  • Personal Independence Payment (PIP)
  • Pension Credit – the guarantee element
  • Severe Disablement Allowance
  • State Pension
  • Unemployability Supplement or Allowance (paid under Industrial Injuries or War Pensions schemes)
  • War Widow’s Pension
  • Widowed Mother’s Allowance
  • Widowed Parent’s Allowance
  • War Disablement Pension at State Pension age
  • Widow’s Pension

Bear in mind that you will not get a Christmas Bonus if you have not claimed your State Pension and do not qualify for one of the other benefits.

Whether you’re one of the civil partners, a married couple or a cohabitant and you both qualify for this benefit, each will receive this payment. In case, if a partner or couple is not getting qualifying benefits, but if they are both over State Pension Age by the first week of December and are living or present in the UK, European Economic Area (EEA) country, Channel Islands, Gibraltar, Isle of Man, or Switzerland during the qualifying week, they can claim this benefit.

 

Our qualified accountants, bookkeepers, and tax experts in London are best at handling your finances at a competitive price. Get in Touch with us now!

 

Do I Need to Claim Christmas Bonus?

One of the great advantages of the Christmas bonus is that you are not required to claim it. But then how you will receive it? This payment would be automatically transferred into your bank account if you qualify. The amount of bonus will be shown as DWP XB on your bank statement that will ascertain that you have received this benefit.

If you think that you are eligible for this benefit but haven’t received one, you need to get in touch with the Pension Service or the Jobcentre Plus office that deals with their payments.

 

Quick Sum Up

To wrap up the discussion, we have covered: DWP XB Meaning, what and when you’ll get this Christmas Bonus, who’s eligible, and how to receive this benefit. This is a one-off payment of £10. It is automatically transferred to the accounts of eligible claimants by Christmas Eve (24th December), who are already getting certain benefits. It’ll be shown as DWP XB on your bank statement. Bear in mind that this bonus is completely tax-free.

 

Reach out to our certified accountants in London to overcome your financial worries!

Get an instant quote for a customised offer!

 

Disclaimer: This post is intended for general information on DWP XB meaning.

Leave a Comment

Your email address will not be published. Required fields are marked *

Call Now

Request A Callback