An estimated 19.2 million families and 39.8 million individuals across Great Britain currently in receipt of State Pension or benefits from the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) will see their payments go up by 10.1 per cent next month.
However, due to payments made in arrears most people will not see a difference until May.Chancellor Jeremy Hunt confirmed in November last year that State Pension, disability and most working age benefits will be uprated by 10.1 per cent from April in line with the rate of inflation in September, at a cost of £11 billion to the UK Government.The uprating means that on average, a family on Universal Credit will benefit by around £600 this year.
The benefit cap will also rise in line with inflation, this will see it increase from £23,000 to £25,323 for families in Greater London and from £20,000 to £22,020 for families nationally - lower caps for single households without children will rise from £15,410 to £16,967 in Greater London and from £13,400 to £14,753 nationally.Inflation-linked DWP benefits, Tax Credit elements and benefits administered by HMRC will rise by 10.1 per cent from April 2023.
The Basic and New State Pensions will also be uprated by 10.1 per cent, in line with the Triple Lock. The DWP has published a full online guide to the increases for State Pensions, benefits and the increased benefit cap on the GOV.UK website here..Read more on dailyrecord.co.uk
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