The latest statistics from the Department for Work and Pensions (DWP) show that there are now 12.6 million people across Great Britain receiving State Pension payments, from the contributory benefit which provides essential financial support every four weeks for those who have paid at least 10 years' worth of National Insurance contributions.
Following the annual uprating in April, some 9.7 million older people will receive Basic State Pension payments of up to £156.20 each week, compared to 2.9 million getting the New State Pension, which is now worth up to £203.85 each week. Payments can be claimed by people who have reached the UK Government’s official retirement age, which increased to 66 for both men and women in October 2020.
However, two further increases have been set out in legislation and are currently under review for a gradual rise to 67 for those born on or after April 1960 and a rise to 68 between 2044 and 2046 for those born on or after April 1977.
