Millions of individuals and families in the UK will receive higher State Pension and benefit payments. More than 39 million individuals will be affected by the 10.1 percent increase, which started on Monday, but the majority won't notice the change until May.
Because payments are made in arrears, some people will notice a mixed-rate payment, according to the Daily Record. The increase promised by Chancellor Jeremy Hunt will, on average, be worth about £600 to a family receiving Universal Credit this year. In step with inflation, the benefit cap will also increase.
Benefits administered by HMRC, Tax Credit components, and DWP benefits that are inflation-linked have increased by 10.1 percent from yesterday, (April 10). In line with the Triple Lock, the Basic and New State Pensions will also receive a 10.1 percent increase. The DWP has published a full online guide to the increases for State Pensions, benefits and the increased benefit cap on the GOV.UK website here.
