Exact dates millions will see higher state pension payments in accounts amid 8.8 per cent increase
Pensioners are set to receive a rise in their income in just a few days.
The Department for Work and Pensions (DWP) will enforce new state pension rates as part of the triple lock pledge. The type of state pension you claim depends on when you were born.
The new state pension can be claimed by people who have reached state pension age and were born on or after April 6, 1951 if they are men, or on or after April 6, 1953 if they are women. Currently, the full new state pension is £203.85 per week, however, it will go up to £221.20 - a rise of £17.35 a week, or just over £900 a year.
Read more: When State Pension age is set to increase and why - everything you need to know
Meanwhile, the full basic state pension, which is currently £156.20 per week, will rise to £169.50 - a rise of £13.30 a week or £691 a year. This can be claimed by those born before April 6, 1951 if they are men, or before April 6, 1953 if they are women.
The full new state pension is set to go up on April 8 and will see an increase of 8.5 per cent. The new rates will be implemented from the start of a claimants benefit week.
However, because the state pension is paid in arrears, any amount paid before this that a claimant is owed will be given at the 2023/24 rate. However, the dates a payment with new rates is issued will vary slightly depending on when a claimant's regular payment date is.
Generally, the state pension is paid every four weeks which means claimants won't see their payments go up until May. If you're unsure of when your payment date is, you can check your National Insurance number as this will determine which day of the week your paid
If your payment day falls on a bank holiday, you may receive it on the earliest prior working day.