New campaign could see state pension payments skyrocket to nearly £30k

manchestereveningnews.co.uk:

A new campaign could result in state pensioners getting as much as £30,000 a year from the Department for Work and Pensions (DWP).

A petition, posted on the government website, is calling for the State Pension to be provided to all those at the age of 60 while increasing it to the equivalent of 48 hours at the rate of the National Living Wage.

In turn, this would boost the current weekly payment of £221.20 to £328. Currently, those on the new state pension can receive as much as £884.80 a month (£11,502.40 a year) while those on the basic state pension receive £678 every four weeks (£8,814 a year).

If the argued changes came into force, it would result in roughly £28,554.24 a year for those aged 60 and over. The petition states: "We want the Government to make the State Pension available from the age of 60 and increase this to equal 48 hours a week at the National Living Wage. "Hence from April 2024, a universal State Pension should be £549.12 per week or about £28,554.24 per year as a right to all including expatriates, age 60 and above.