Published On: Fri, Nov 22nd, 2024
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Pensioners given £470 boost as DWP confirms new State Pension rates | Personal Finance | Finance


Millions of state pensioners across the UK will be given a £470 boost to their income next year when the new State Pension rates take effect.

Labour confirmed an uprating to pensions in the autumn Budget last month after committing to the Triple Lock to ensure pensioners are protected in their retirement.

Chancellor Rachel Reeves announced that the basic and new State Pension will both be uprated by 4.1% in the 2025/26 tax year.

According to the government, this will see more than 12 million pensioners gain up to £470 next year when the uplift takes effect—a rise of up to £275 more than if uprated by inflation.

The Department for Work and Pensions (DWP) has now confirmed the exact amount the State Pension will increase from April under the new 2025 to 2026 rates.

New State Pension

Old State Pension

  • Category A or B basic pension – rising from £169.50 to £176.45 per week

  • Category B (lower) basic pension – spouse or civil partner’s insurance – rising from £101.55 to £105.70 per week

  • Category C or D – non-contributory – rising from £101.55 to £105.70 per week

Further details on additional state pensions, increments, and invalidity allowances are on the government website.

In addition, the Pension Credit Standard Minimum Guarantee has also risen by 4.1% from April, increasing from around £11,400 per year to £11,850 for a single pensioner. The new rates are:

Standard minimum guarantee

Additional amount for severe disability

  • Single – rising from £81.50 to £82.90 per week

  • Couple (one qualifies) – rising from £81.50 to £82.90 per week

  • Couple (both qualify) – rising from £163.00 to 165.80 per week

Further details on amounts for carers, children and savings credit are set out on the government website.



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