Full New State Pension payments set to rise to £921 each month from next April

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New figures from the Department for Work and Pensions (DWP) show there are now 12.9 million people claiming the State Pensions, including over 1.1m in Scotland.

Some 4.1m are on the New State Pension (post-April 2016) while 8.8m are receiving the Basic (or Old) State Pension (pre-April 2016).

The New and Basic State Pensions are set to rise in April by 4.1 per cent, under the earnings growth measure of the Triple Lock, however, additional elements along with working age and disability benefits, will increase by 1.7 per cent under the September Consumer Price Index (CPI) inflation rate.

The DWP recently set out the proposed new payment rates for the 2025/26 financial year. People on the full New State Pension will see payments rise by £9.05 per week from £221.20 to £230.25 and as the payment is typically made every four weeks this amounts to £921.The uplift will see annual payments rise by £473.60 from £11,502 to £11,973 over the 2025/26 financial year.

Read more on dailyrecord.co.uk
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