People on State Pension, PIP, Universal Credit and other benefits set for big pay boost next month
dailyrecord.co.ukThe Department for Work and Pensions (DWP) recently confirmed that State Pension and benefit payment rates will rise from April 8, 2024.
State Pensions will go up by 8.5 per cent, under the Triple Lock, while most working age and disability benefits will increase by the September Consumer Price Index (CPI) inflation rate of 6.7 per cent.
Additional State Pension payments will also rise by the 6.7 per cent CPI figure. The DWP started issuing annual uprating letters in February to people in receipt of the State Pension, letting them know what to expect in their future payments after the uprating has been applied - people on benefits will also receive a similar letter.
The new rates, including payments delivered by HM Revenue and Customs (HMRC) such as Tax Credits and Child Benefit, and devolved benefits administered by Social Security Scotland, including Adult and Child Disability Payment, will also rise by 6.7 per cent from April.It’s important to be aware that even though the revised payment rates come into effect at the start of April, most people will not see the full, new amount until early May.This is because most benefits are paid in arrears and the first payment after the uprating usually contains a mix of the old and new rates.
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