MAPPED: The 120,000 people across Greater Manchester set to get £400 DWP boost
manchestereveningnews.co.ukMore than 120,000 pensioners across Greater Manchester are in line for a £400 boost next year. The State Pension is reportedly poised for a £400 annual increase from April 1, 2025, safeguarded by the "triple lock" policy aimed at preserving the incomes of millions of retired Britons.
This update comes amidst Treasury documents released to the BBC, seemingly to mitigate the furore sparked by the scrapping of the Winter Fuel Payment, which could have provided up to £300 to numerous pensioners.
The triple lock ensures that the state pension increases annually by the highest of either inflation, average wage growth, or 2.5 percent.
For the financial year 2025-26, the expected highest benchmark is the average wage increase, estimated at about 4 percent, with the official announcement scheduled for next Tuesday. READ MORE: Ex-GMP officer admits more sex offences involving 4,016 indecent images of children An approximate £400 hike would elevate the new state pension's yearly value to around £12,000, while the older basic state pension would see an increase of £300 to approximately £9,000.
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