The Department for Work and Pensions (DWP) has shared the proposed, new State Pension and benefits payment rates to come into effect from April 8, 2024.
State Pensions will rise by 8.5 per cent, as per the Triple Lock policy, while most benefits will increase by the September Consumer Price Index (CPI) inflation figure of 6.7 per cent.
The proposed rates will be formally confirmed in Parliament in due course, but the figures published very rarely change unless a calculation error has been made.
This means people on the State Pension and benefits including Universal Credit, Personal Independence Payment (PIP), Carer’s Allowance and Attendance Allowance can start to factor in the increased amount into their household budgets from April.
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