DWP state pensioners set for £230 profit from right now – and declare it

The State Pension will increase by 4.1% from today in line with average growth of wages under the triple lock promise – with the weekly payment increasing to £230.25

State pensioners are in for a cash boost of £230 per week from today as Department of Work and Pension (DWP) rates increase. The triple lock promises ensures the State Pension increases by inflation, wages based on average growth between May and July or 2.5% depending on whichever is highest.

This year it will rise by 4.1% in line with average earnings growth as Universal Credit, Child Benefits, and Disability Living Allowance will also increase.

The State Pension rate is going up on Sunday, April 6 – the start of the new tax year – meaning people receiving both the basic and new State Pensions are being uprated by 4.1pc in line with the annual increase in the average weekly earnings index for May to July 2024.

Other welfare benefit rates, including Universal Credit and Child Benefit, are going up this month by almost 2%. All other DWP payments apart from the State Pension increase every year in line with the rate of inflation from the previous September.

In September 2024 the inflation rate was confirmed as being 1.7pc, according to the consumer price index, meaning rates are going up this month for everyone who claims the benefits.

The UK’s State Pension system is split into two different schemes – basic and new – so the amount your pension payments will increase from April 6 depends on when you retired, reports the Express.

For those who get the new State Pension, the full weekly payment rate is increasing by 4.1% to £230.25 per week from Sunday, April 6 – up from the current rate of £221.20. Recipients automatically qualify so there is no need to claim the increase.

Over the course of a year this amounts to an extra £470 in your pension pot if you get the full rate. It means those who get the full new rate will receive £11,973 in pension payments across a full year from April 6, 2025 – £2,797.60 more per year than those who get the full basic State Pension.

Men born on or after April 6, 1951, and women born on or after April 6, 1953, are eligible to claim the new State Pension once you reach State Pension age, which is currently 66.

The government said: “To help make sure pensioners are protected in their retirement, we have also confirmed a 4.1% increase to the basic and new State Pension, as well as the standard minimum guarantee for Pension Credit, from April next year.

“Over 12 million pensioners will benefit as the full new State Pension will rise from £221.20 to £230.25 a week, providing an extra £470 a year. The full basic State Pension will increase from £169.50 to £176.45 per week, worth an extra £360 annually.”

Full list of State Pension increases

Men born on or after April 6, 1951, and women born on or after April 6, 1953 are able to claim the new state pension. People born before these dates are only entitled to the basic state pension payments.

• Full new state pension: £221.20 a week to £230.25 a week
• Full old basic state pension: £169.50 a week to £176.45 a week

For a breakdown of the specific dates when benefit changes will come into force, click here. To see a full breakdown of changes and benefit caps, visit the gov.uk website.

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