New figures released by the Department for Work and Pensions (DWP) show that at the end of August 2022 there were 12.6 million across Great Britain in receipt of State Pension payments, an increase of 130,000 on the year before.
The statistics released earlier this week also show that there are now 2.9 million people receiving the New State Pension, an increase of 670,000 since 2022. Even though the contributory benefit is worth up to £185.15 each week, the average weekly payment was £165.58, an increase of £6.47 since August 2021.
The number of older people on the Basic State Pension is now 9.7 million, this payment is worth up to £141.85 each week. However, pensions expert Helen Morrissey warns that there are 1.8 million pensioners receiving less than £100 per week from their State Pension.
