The Department for Work and Pensions (DWP) has released new figures showing that there are currently 12.9 million people claiming the State Pension. Of these, 4.1 million are on the New State Pension (post-April 2016), while 8.8 million are receiving the Basic (or Old) State Pension (pre-April 2016).
The New and Basic State Pensions are set to increase by 4.1 per cent on April 7, under the earnings growth measure of the Triple Lock. However, additional elements, along with working age and disability benefits, will rise by 1.7 per cent under the September Consumer Price Index (CPI) inflation rate.
On Tuesday, the DWP proposed new payment rates for the 2025/26 financial year in Parliament, which will now progress to the next legislative stage. Those on the full New State Pension will see their weekly payments increase by £9.05 from £221.20 to £230.25.
As payments are typically made every four weeks, this amounts to an increase of £921. This uplift will result in annual payments rising by £473.60 from £11,502 to £11,973 over the 2025/26 financial year.
However, it's important to note that not all of the 4.1 million people on the New State Pension receive the full amount as it is linked to National Insurance Contributions. Those on the full Basic State Pension will see their weekly payments increase by £6.95 from £169.50 to £176.45, or £705.80 every four-week payment period, reports the Daily Record.
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.
The Department for Work and Pensions (DWP) has released a comprehensive list of uprated State Pension and benefit payments for 2025/26 on
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