Weekly pensions and benefits can now be paid directly into accounts

Sunday, 30 July 2023 07:40

Service formerly only for monthly payments

Those in receipt of state pensions and all other benefits on the Isle of Man can now have it paid directly into their bank account every week.

Until now the facility has only been available for payments made on a monthly basis.

Treasury Member with responsibility for Social Security Sarah Maltby says they have listened to customers and making payments directly into a bank account is the most secure, convenient and efficient way for most people to access and manage money.

Customers who don't have a bank account or wish to continue to use the MiCard service can collect their pensions or benefits at branches of the Isle of Man Post Office in person or can nominate someone to collect on their behalf.

Anyone who is currently receiving their payments using the MiCard system and who would like to transfer to having direct payments to their bank account should visit gov.im/socialsecurity and download and complete the Payment of Benefits and Pensions into an Account form: https://www.gov.im/media/1368802/act-1-july-2023.pdf

The form should then be posted to Social Security, Markwell House, Market Street, Douglas, IM1 2RZ.

Anyone who is unable to access the online form can request a hard copy to be posted out to them by emailing socialsecurity@gov.im or calling 685656.

Weekly pensions and benefits can now be paid directly into accounts

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