Older pensioners weekly payment increase from DWP due next April

Older pensioners weekly payment increase from DWP due next April Pensioners are on course for a weekly cash boost. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments By Claire Schofield 15:54, Sun, Oct 25, 2026 Updated: 15:57, Sun, Oct 25, 2026 Pensioners are on course for a 3.9% boost to their State Pension in 2027 (Image: Getty) Older state pensioners across the UK are set to receive a weekly payment increase from the Department for Work and Pensions (DWP) from next April. The extra cash boost is set to come from the annual State Pension rise at the start of the new tax year, in line with the triple lock. The new April rates are set according to the triple lock mechanism, which calculates the annual rise by whichever is the highest out of consumer price index (CPI) measure of inflation (measured for September in the previous year), average wage growth between May and July of the previous year, or 2.5%. Article continues below ADVERTISEMENT Under this triple lock guarantee, pensioners are on course for a 3.9% State Pension boost next year, with the average wage growth figure expected to be used to set the 2027 to 2028 rates. The Office for National Statistics (ONS) revealed the rate of CPI inflation was 3.5% in September, but this is below the 3.9% wage growth figure, and the minimum 2.5% increase. Get personal finance news, money saving tips and advice plus selcted offers and competitions I would like to receive emails from the Daily Express featuring our latest products, services, offers, and promotions from across the Reach Plc family . Subscribe Invalid email You agree you are 18 or over. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. You can unsubscribe at any time. More Info . A 3.9% increase is expected to be confirmed in Wednesday’s Autumn Budget which would take the basic State Pension from £184.90 per week up to £192.10. As such, this would give older pensioners eligible for the full amount a weekly payment increase of £7.20 from April 2027. Article continues below ADVERTISEMENT Older state pensioners set for £3,047 less from DWP in 2027 HMRC sending tax bills to state pensioners with Winter Fuel Payments Over a full year, this amounts to a total of £9,989.20 in State Pension payments, giving older pensioners up to £374.40 extra annually under the new rates. Article continues below ADVERTISEMENT Of course, these figures are based on the maximum possible amount for those with a full qualifying National Insurance record, so those without enough qualifying years will receive less. You’ll get the basic State Pension if you’re a man born before April 6, 1951, or woman born before April 6, 1953, but your payment amount depends on your National Insurance record. To get the full payment, a man born between 1945 and 1951 usually requires 30 qualifying National Insurance years, while men born before 1945 require 44 qualifying years. For women, you’ll need 30 qualifying years if you were born between 1950 and 1953, or 39 qualifying years if you were born before 1950. As for younger pensioners who get the new State Pension, a 3.9% increase would give claimants an extra £9.40 per week if they get the full amount, with the weekly rate rising from £241.30 to £250.70. Over a full year, this amounts to £13,036.40 in State Pension payments, giving those eligible for the maximum amount an annual boost of £488.80. This uplift would apply to new state pensioners who reached State Pension age from April 6, 2016, when the qualifying age was set at 63 to 65. With the personal tax allowance frozen at £12,570, the uplift would mean some state pensioners may be caught within the tax net for the first time. So far, the Government has said pensioners who are wholly dependent on the new State Pension – with no private pension – or the old basic State Pension, “with no increments”, will not have to pay tax. It’s still unclear exactly how the policy will work, but the Government is expected to set out further details in the Budget on October 28. Claire Trott, head of advice at St James’s Place, said: “While the uplift in income will be welcomed by many, it also marks a significant milestone, with the full new state pension exceeding the £12,570 personal allowance for the first time. “Although those receiving only the state pension are not expected to face a tax bill, pensioners who draw on other sources of income, such as workplace or private pensions, savings or earnings from work may find themselves with a higher tax liability as a result. “It’s therefore worth taking a closer look at your retirement income ahead of April to make sure you understand what the changes could mean for you and plan accordingly.” State Pension Triple lock Andy Burnham DWP Benefits Budget 2026 Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments