Get all your news in one place.

100’s of premium titles.
One app.

Start reading

Get all your news in one place.

100’s of premium titles. One news app.

Start reading

Daily Record

Lifestyle

Linda Howard

State Pension rising to more than £815 per month next year - here are the new pay rates

State Pension Basic State Pension New State Pension DWP United Kingdom

Basic and New State Pension payments will increase next year by 10.1% for some 12.5 million older people across the UK, including 992,052 living in Scotland. The honouring of the Triple Lock rule was confirmed last month during Chancellor Jeremy Hunt’s Autumn Statement and means that older people are set for an income boost from April, 2023.

Of the overall UK total number of people claiming State Pensions there are 10.1 million currently receiving Basic State Pension payments of up to £141.85 per week, compared to 2.4 million getting New State Pension payments, which are worth up to £185.15 each week. Worryingly, there are over 1.9 million people receiving less than £100 per week in State Pension payments and just under 1.5 million of these are women.

By honouring the State Pension Triple Lock it means those on the full New State Pension will see payments increase from £185.15 per week to £203.85 and those on the Basic State Pension will see weekly payments rise from £141.85 per week to £156.20.

However, it’s important to note that to be eligible for any State Pension payment you must have at least 10 years’ worth of National Insurance Contributions and to receive the full amount, 35 years.

People receiving State Pension can choose to be paid either weekly or every four weeks - not to be confused with being paid monthly as the DWP makes 13, four-weekly payments each year over a 52-week period, which can result in two payments being made in the same calendar month. But most people refer to the four-weekly payment cycle as ‘monthly’ and that is the intention here, just to make it easier to understand the increased amount.

The Department for Work and Pensions (DWP) delivers State Pension payments and has shared the proposed list of payment rates from April 10, 2023 on GOv.UK here.

Below is everything you need to know about the increase to both sets of State Pension payments along with benefits older people may be entitled to.

Full New State Pension

You are eligible for the New State Pension if you are:

a man born on or after April 6, 1951
a woman born on or after April 6, 1953

New State Pension payment rates

Weekly rate: £203.85, an increase of £18.70 from £185.15
Four-weekly rate: £815.40, an increase of £74.80 from £740.60

Basic State Pension (Category A or B)

You are eligible for the Basic State Pension if you are:

a man born before April 6, 1951
a woman born before April 6, 1953

Basic State Pension payment rates

Weekly rate: £156.20, an increase of £14.35 from £141.85
Four-weekly rate: £624.80, an increase of £57.40 from £567.40

Widow’s Pension

Standard rate: £139.10 (from £126.35)

Payments for the New and Basic State Pension are paid every four weeks to millions of people across the UK (Getty Images 2020)

Pension Credit

Single: £201.05 (from £182.60)
Couple: £306.85 (from £278.70)

Attendance Allowance

Higher rate: £101.75 (from £92.40)
Lower rate: £68.10 (from £61.85)

Carer’s Allowance

April 2023 rate: £76.75 (from £69.70)

Disability Living Allowance / Child Disability Payment

Care Component

Highest: £101.75 (from £92.40)
Middle: £68.10 (from £61.85)
Lowest: £26.90 (from £24.45)

Mobility component

Higher: £71.00 (from £64.50)
Lower: £26.90 (from £24.45)

Personal Independence Payment (PIP) / Adult Disability payment

Daily Living Component

Enhanced: £101.75 (from £92.40)
Standard: £68.10 (from £61.85)

Mobility Component

Enhanced: £71.00 (from £64.50)
Standard: £26.90 (from £24.45)

To keep up to date with the latest State Pension, join in the conversation on our Money Saving Scotland Facebook page here, or subscribe to our newsletter which goes out three times each week - sign up here.