State Pension payments are set to increase by hundreds of pounds a year in 2023 after the Government confirmed that they will be raised amid the cost of living crisis.
Chancellor Jeremy Hunt confirmed in his Autumn Statement that State Pension payments would rise by 10.1% in line with inflation, maintaining the triple lock. This means that the new State Pension will increase by nearly £75 a month, while basic State Pension claimants will get over £55 extra a month.
The Government has now given an example of how the new rates are estimated to look from April 2023. If you receive either the new or basic State Pension, and/or Pension Credit, here's how much you'll get per week from the spring compared to the current rates.
