State Pension payments will rise in April - these are the new weekly rates
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dailyrecord.co.ukDepartment for Work and Pensions (DWP) recently confirmed that State Pension payments will increase by 2.5 per cent from April 12, 2021.
State Pension payments are a lifeline for thousands of older people across the UK and the increase means that those on the full, new State Pension will receive £179.60 per week, an increase of £4.40 on the current rate of £175.20.
Additionally, anyone on the old basic State Pension (category A or B), currently receiving £134.25 each week, will be paid £137.65 from April, a benefit increase of £3.40.
The annual rise is a result of the ‘triple lock’ ruling, which is a safeguard that currently ensures State Pension does not lose value because of inflation.
Read more on dailyrecord.co.uk
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