State Pension forecast sees DWP payments boosted to £938 for 3.2M from key date

State Pension News

State Pension forecast sees DWP payments boosted to £938 for 3.2M from key date
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The State Pension Triple Lock means that Department for Work and Pensions (DWP) payments are guaranteed to rise by inflation, earnings growth, or 2.5 per cent from April next year

The Office for National Statistics has revealed that UK inflation fell to its lowest level in nearly three years in May. The Consumer Price Index inflation rate dropped to 2.0 per cent, down from 2.3 per cent in April.

READ MORE: Police search missing Jay Slater's Tenerife apartment for clues after mum sent terrifying message on Snapchat Those on the full Basic State Pension receive £169.50 each week, or £678 every four-week pay period. There are 3.2 million pensioners currently receiving the higher New State Pension, though not all get the highest amount.

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