53-week rent year

Understanding what a 53-week year means and the payment options available for you.

Published: 20/12/2024

For many residents, rent is charged every week on a Monday. There are 52 weeks in a typical year. However, in this financial year (Monday 1 April 2024 to Monday 31 March 2025), there are 53 Mondays. This means those residents who pay rent weekly will pay an additional week’s rent.

Why this happens

This happens every five or six years because there are 365 days in the year but 366 in a leap year.

This means a year typically has 52 weeks plus one day in a year, or 52 weeks plus two days in a leap year.

Over time, the extra days add up, leading to the 53-week in certain years.

What it means for you

If your rent is charged weekly, you’ll need to pay an extra week's rent for this financial year due to the extra week.

What do I need to do if I'm on Housing Benefit?

This will not affect you as Housing Benefit pays for every week charged.

What do I need to do if I'm on Universal Credit?

Unfortunately, Universal Credit does not cover the extra week. This means you’ll need to pay for it.

What do I need to do if I pay by Direct Debit?

The increase has already been applied and you don't need to do anything.

How to pay and ways to pay

To reduce the impact at the end of the financial year, we recommend paying a little extra each week. If you prefer, you can make a one-off payment for the weekly rent amount. For bank transfer, please quote your payment reference and use the following details:

Account Name: Peabody Trust
Account Number: 09574174
Sort Code: 18-00-02

Alternatively you can:

Set up a direct debit
Make a payment online
Call us on 020 3478 9750
To request a rent card, contact us.

Keeping on top of your payments

Financial support

If you are struggling to pay your rent or service charge, our Financial Inclusion team can support with welfare benefits and money advice.

Still unsure what this means for you?

If you would like to speak with someone about what to do, please contact us on 020 3478 9750.

If you haven’t already, why not register for My Peabody, the simple way to manage everything about your home, including paying your rent, in one place.

Register here