Over 1.6 million pensioners are set to receive increased payments from April, with those on Attendance Allowance and New and Basic State Pensions experiencing a rise of 1.7% and 4.1% respectively. The article details the benefits of Attendance Allowance and how it can help individuals with disabilities or long-term illnesses manage daily living expenses. It also explains the changes to the New and Basic State Pension payments and encourages readers to use the online tool on GOV.UK to forecast their future State Pension payments.
Around 1.6 million people over the State Pension age are set to receive up to £1,362 each month from April. Those on Attendance Allowance will see a 1.7 percent increase in payments, while the new and Basic State Pensions are due to rise by 4.1 percent. The Attendance Allowance , which is not means-tested, is currently valued at either £72.65 for the lower rate (rising to £73.90) or £108.55 for the higher rate (rising to £110.40) each week.
As this benefit is typically paid every four weeks, it equates to either £290.60 (rising to £295.60) or £434.20 (rising to £441.60) per pay period. This annual uplift could potentially add up to £5,740 to pensioners' 2025/26 income, assisting with the additional costs of living independently at home with a disability, long-term illness, or physical or mental health condition. From April, those on the full New State Pension will see a weekly increase of £9.05, from £221.20 to £230.25. As this payment is usually made every four weeks, it amounts to £921. This uplift will result in an annual increase of £473.60, from £11,502 to £11,973, over the 2025/26 financial year. However, note that not all of the 4.1 million people on the New State Pension receive the full amount as it is tied to National Insurance Contributions, reports the Daily Record. Those receiving the full Basic State Pension will witness a weekly increase of £6.95, from £169.50 to £176.45, or £705.80 every four weeks. This means that annual payments will rise by £361.40 from £8,814 to £9,175.40 over the 2025/26 financial year. To forecast your future State Pension payments, you can use the online tool available on GOV.UK.
STATE PENSION ATTENDANCE ALLOWANCE BASIC STATE PENSION NEW STATE PENSION COST OF LIVING GOV.UK DISABILITY LONG-TERM ILLNESS PENSIONERS FINANCE NEWS
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Petition Calls for Abolition of Basic State Pension in Favor of New State PensionA Parliament petition urging the Labour government to abolish the Basic State Pension and transition all beneficiaries to the New State Pension is gaining traction. Campaigners advocate for an increase in the New State Pension aligned with a 'good percentage of average earnings'.
Read more »
State Pension Payments to Rise by 4.1% in 2025/26New figures from the Department for Work and Pensions (DWP) reveal that State Pension payments will increase by 4.1% on April 7, 2025, under the Triple Lock earnings growth measure. This affects both the New State Pension (post-April 2016) and the Basic (or Old) State Pension (pre-April 2016). The DWP has also published the proposed new payment rates for the 2025/26 financial year, showing increases for both full New and Basic State Pension recipients. Additionally, other benefits, including working age and disability benefits, will rise by 1.7% based on the September Consumer Price Index (CPI) inflation rate.
Read more »
State Pension and Pension Credit Payment Dates Changed for New YearOlder people receiving State Pension or Pension Credit will see changes to their payment dates over the New Year period due to bank holidays and office closures.
Read more »
State Pension Deadline: Get Your National Insurance Records in Order by April 2025The DWP and HMRC warn of an approaching deadline for completing National Insurance records to ensure full state pension benefits. Missing the April 5, 2025 deadline could result in reduced payments.
Read more »
State Pension to Rise by 4.1% in April, Pensioners Urged to Check EntitlementThe State Pension is set for a 4.1% increase in April, with pensioners urged to check their entitlement to additional financial support. Letters will be sent out in March detailing the new payment amount, including information about Pension Credit which could boost income by an average of £4,200.
Read more »
New payment rates for State Pension and other benefits will not arrive in AprilThe annual DWP uprating will be applied on April 7.
Read more »