State pension is among a number of DWP benefits that will increase from Monday (April 8), set to rise by 8.5 per cent - see the other benefits…
From Monday people receiving the state pension will get a 8.5% increase which is worth an extra £900 a year.People across the UK could be entitled to more than £900 extra a year as state pension and a range of other DWP benefits increase from Monday .
Chancellor Jeremy Hunt confirmed that the triple lock on pensions would be honoured during last year's autumn statement. Under the triple lock – which guarantees an increase in line with average earnings, inflation or 2.5%, whichever is highest - pensions will increase by 8.5 per cent. The Chancellor, during his autumn statement, said: "The triple lock has helped lift 250,000 older people out of poverty since its inception in 2011."We honour our commitment to the triple lock in full. We will increase the new state pension by 8.5 per cent, worth up to £900 more a year."From Monday people receiving the state pension will get a 8.5% increase worth an extra £900 a year.
Work and Pensions Secretary, Mel Stride, said: “Thanks to the triple lock and our efforts to drive down inflation, we are putting money back in the pockets of pensioners.“This will make a meaningful difference to all those who rely on the state pension and ensure we continue to provide a safety net for those who need it most while making work pay wherever possible.”Among its other measures to help pensioners, the Department for Work and Pensions pointed to last year’s 10.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DWP new state pension rates for April in full as millions to get £900 boostThe DWP will introduce new higher rates for state pension payments
Read more »
DWP hands people on rent benefits £785 from MondayGovernment has confirmed the DWP increase from Monday, April 1
Read more »
Yorkshire households handed £3,000 DWP and HMRC boost from MondayNearly everyone in Yorkshire is set to benefit in some way
Read more »
DWP hands out £780 to people on benefits with money in accounts from MondayThe DWP money will be dropping into bank accounts from Monday
Read more »
DWP hands out £604 boost for women on these benefits from MondayWomen will get a £604 boost from Monday
Read more »
DWP hands £930 to people with any of these 25 health conditions from MondayPeople with one of these 25 health conditions will get a £930 boost from Monday
Read more »