Basic State Pension Increase 2024 2024

Basic State Pension Increase 2024 2024. Millions of older people in receipt of the new or basic state pension are set for a significant boost this year after chancellor. The state pension is likely to increase by 4% or up to £460 a year from april 2025, but it won't help pensioners this winter who will lose their winter fuel payments.

The dwp and hmrc will implement the annual uprating on two separate dates in april 2024. The department for work and pensions (dwp) has concluded its annual review of state pension and benefit rates in great britain for the tax year 2024/25.