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State Pension to rise by £4.40 a week next year in line with triple lock rules
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dailyrecord.co.ukState Pension is an essential source of income for many elderly Scots providing crucial financial support. On Wednesday, the UK Government is expected to confirm that the State Pension payment will rise by just £4.40 per week from April 2021 - the smallest rise allowed by legislation,reports Mirror Online.
The increase means an annual boost of £228.80 for those on the ‘new’ State Pension, which will rise from £175.20 to £179.60 each week.While the ‘old’ basic-rate State Pension will rise by £3.40 a week from £134.25 to £137.65.The rise - representing 2.5% - is all but certain after inflation figures for September came in at just 0.5%.
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