- More than 12 million pensioners will see their State Pension increase by 4.8 per cent from April 6, under the Triple Lock guarantee, leading to a rise of up to £575.
- This increase is part of a government commitment expected to boost pensioners' annual incomes by up to £2,100 by the end of this Parliament, enhancing financial security.
- Pension Credit will also rise by 4.8 per cent, averaging £4,300 annually, which unlocks additional support such as help with housing costs and free television licences.
- The government is implementing these increases as part of wider efforts to alleviate pressure on household finances, alongside measures like raising the National Living Wage and cutting energy bills.
- Work and Pensions Secretary Pat McFadden and Minister for Pensions Torsten Bell highlighted the government's commitment to protecting pensioners and ensuring a decent retirement.
