Basic and New State Pension payments will soon increase by 10.1 per cent for some 12.6 million older people across the country, including around one million living in Scotland. The honouring of the Triple Lock rule means that older people are set for an income boost of up to £75 per month from April 10, 2023.
Of the overall total number of Brits claiming State Pensions, there are now 9.7 million currently receiving Basic State Pension payments of up to £141.85 per week, compared to 2.9 million getting New State Pension payments, which are worth up to £185.15 each week.
Worryingly, there are also an estimated 1.8 million older people receiving less than £100 per week from their State Pension payments. If you are a single pensioner with an income of less than £182 per week or a couple with less than £278 per week, you may be able to claim Pension Credit which is an annual income boost worth on average around £3,500 - it also acts as a 'gateway' benefit to other financial support including help with housing and heating costs and Council Tax Reductions.
