The Government has already delivered above-inflation increases worth up to £395 in real terms over this Parliament.
By its end, pensioners’ annual incomes are expected to rise by up to £2,100 – boosting financial security for millions, News Cover reports, citing the UK government's official website.
Pension Credit will also rise by 4.8% and be worth an average of £4,300 a year, unlocking further support including help with housing costs, council tax and free television licenses.
Between 2026 and 2027, the government will provide a £6 billion boost to spending on State Pensions and pensioner benefits.
The increases come into effect as the government takes wider action to ease pressure on household finances, including raising the National Living Wage, cutting an average of £150 from household energy bills, lifting the two child limit and freezing rail fares and prescription charges.
