Nearly 20 million people in receipt of the State Pension or benefits from the Department for Work and Pensions (DWP) will see payment rates for the 2024/25 financial year increase from today (April 8).
State pensions are increasing by 8.5 per cent, as per the Triple Lock policy, while most working age and disability benefits are going up by the September Consumer Price Index (CPI) inflation rate figure of 6.7 per cent.
Additional State Pension payments will also rise by the 6.7 per cent CPI figure. Annual uprating letters are currently being sent out letting people know about the changes - it’s important to keep this somewhere safe as it can often be used as proof of benefit entitlement when applying for other streams of financial support.
Pension Credit, a passport benefit to provide additional support for low-income pensioner households, will also see a significant rise, with the average award worth over £3,900.
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