Full list of DWP payment dates and money changes in May

Some major changes will take place in May that could affect your personal finances.

Among the changes are earlier benefit payment dates and changes to how much you could get. Benefits from the Department for Work and Pensions (DWP), including state pension, are among those affected.

There will also be announcements on the energy price cap from Ofgem and any potential changes to the interest rate from the Bank of England. Meanwhile people who pay for NHS prescriptions or a Spotify subscription may see a heftier bill from next month.

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Here's a breakdown of all the important money changes taking place next month.

From May 1, the cost of a single NHS prescription will be almost £10 due to an increase of 25p this year to £9.90. This is an increase of around 2.5 per cent.

People worried about the cost of their repeat prescriptions can save money by getting a prepayment certificate (PPC), which charges a fixed amount for a set period of prescriptions. However, the cost of PPCs is also going up. The cost of a one-year PCC will rise to £114.50 from £111.60, a rise of almost £3.

READ MORE: NHS prescription charges will go up next month amid cost of living squeeze - full list of changes

There are two Bank Holiday Mondays in May, which means some DWP benefit claimants may see their cash land in their account earlier than usual. Bank holidays will fall on May 6 and May 27, directly impacting any payments set to fall on those dates.

Payments from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) due on May 6 or May 27 will be paid on the first working day beforehand - so on a Friday. This includes Universal Credit,