The Department for Work and Pensions is sending letters to everyone aged 66 and over with updated state pension payment details ahead of an April uplift
The Department for Work and Pensions is sending letters to everyone aged 66 and over who were born around 1960, or in the years previous with updated state pension details ahead of a rise in April.
Letters are being dispatched to everyone over 66 with revised state pension payment details as the rate will rise on Monday, April 6. One recipient of the letter shared on the HMRC forum: “I received a letter today saying that my State Pension will increase from April 2026. I receive my pension weekly.”
The increase will see those on the full New State Pension receive £241.30 per week, whilst those on the maximum Basic State Pension would receive £184.90 per week. For money-saving tips, sign up to our Money newsletter here
Someone on the full New State Pension currently receives £230.25 per week, or £921 every four-week pay period. Those on the full Basic State Pension receive £176.45 each week, or £705.80 every four-week pay period.
CSPA General Secretary Sally Tsoukaris said: “The 4.7% is welcome news thanks to the continuation of the triple-lock, which is vital to ensure that State Pensions keep pace with wage growth as well as inflation so that pensioners income does not suffer the decline relative to wages that occurred prior to its introduction in 2011.
“Many pensioners are struggling in retirement and yet are being dragged into the 20% tax bracket on relatively low incomes.
“Three-quarters of all pensioners are now paying income tax after a lifetime of working, and millions more are now paying tax.
“CSPA and our partners in Later Life Ambitions are preparing a `Budget for Later Life` to be launched in October, and that includes raising the basic personal tax thresholds; and retaining the State Pension triple-lock.”
The ongoing freeze of income tax thresholds will result in more of the State Pension increase being taken in income tax as more pensioners fall into the tax threshold of £12,570, which has been frozen since April 2021, and is not going to rise until at least April 2028.
If the threshold had increased in line with CPI inflation it would now stand at £15,518, significantly above the highest rate of State Pension.
