Struggling State Pension claimants have been issued a seven month warning as the cost of living crisis continues to bite.
In April 2023, more than 12 million pensioners will gain around £1,000 each when compared with the same time last year, after inflation reached its highest level in 40 years and living standards dropped at their sharpest rate since post-war rationing.
At the moment, the full new State Pension is £185.15 per week, but is set to be pushed through to £200 should inflation remain high, as predicted. Pensioners regularly have their payments reviewed to keep up with the cost of living, this is due to the triple lock system.
