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State Pension payments will rise in April - here are the new weekly rates
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dailyrecord.co.uk
dailyrecord.co.ukThe Department for Work and Pensions (DWP) has confirmed that State Pension payments will increase by 3.1% in line with the Consumer Price Index (CPI) from April 11, 2022.
This means the basic State Pension will increase to £141.85 per week from £137.60, the equivalent of £567.40 each month and the full new State Pension will increase to £185.15 from £179.60, which amounts to £740.60 each month.
The decision was confirmed after The Social Security (Up-rating of Benefits) Act 2021 received Royal Assent in November. This legislation temporarily suspended the earnings element of the Triple Lock for one year only, following distortions to the earnings statistics brought about by the economic impact of the coronavirus pandemic.
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