New statistics from the Department for Work and Pensions (DWP) show there are now 12.6 million people across Great Britain receiving State Pension payments of up to £203.85 each week.
Basic and New State Pensions are contributory benefits which provide crucial financial support to those who have paid at least 10 years’ worth of National Insurance contributions.However, not everyone of State Pension age is receiving the maximum New State Pension, in fact, just 3.2m of the overall total.
More than nine million people are on the Basic State Pension (retired before 2016) and receiving payments of up to £156.20 each week, although this may be topped up by Additional State Pension payments for men born before 1951 and women before April 1953.Many people may be unaware of cost of living payments and seasonal payments due to be made before the next financial year ends.Below is an overview of what to expect and when along with details on how to claim, if it’s not an automatic payment.
The list also includes key dates to add to your diary that may affect benefits or payment dates. Ofgem will announce the next energy price cap foe October to December.
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