The Department for Works Pensions (DWP) has confirmed that the state pension will rise by 3.1% to bring it in line with the Consumer Price Index (CPI) from April 11.
Anyone who receives the state pension can decide whether they want to be paid in weekly installments or monthly. It has been confirmed that the basic public pension will increase from £137.60 to £141.85 per week, with the new full pension increasing from £179.60 to £185.15.
The decision follows Royal Assent of the Social Security (Enhanced Benefits) Act 2021 in November 2021, which suspended the income element of the Triple Lock guarantee for a year due to distortions in income statistics due to the pandemic, reports GlasgowLive.
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Commenting on the 3.1% rise, the DWP said: “In making this decision, the [UK] The government has carefully considered the fairest approach for retirees and young taxpayers, many of whom have been hardest hit by the financial impacts of the pandemic. »
The UK government department added: ‘Furthermore, last year we passed primary legislation to raise state pensions by 2.5 per cent, when incomes fell and price inflation rose. half a percentage point. If we had not taken this step, state pensions would have been frozen.
The DWP stressed that the “double lockdown” is only a temporary measure in response to the unusual circumstances of Covid-19, and that full triple lockdown will be reinstated next year.
In addition to the state pension, each DWP benefit will also increase by 3.1% in line with the CPI.
This includes:
- Working age benefits
- Benefits to meet additional needs arising from a disability
- Benefits for caregivers
- Pensioners’ contributions to income-related benefits
- Statutory payments
- State supplementary pension
As reported by the Daily RecordBelow is a full breakdown of the new state pension and benefit payout rates for the 2022/23 financial year.
New DWP payment rates from 2022 to 2023
Weekly rates are quoted unless otherwise stated.
Attendance allowance
- Higher fare: £92.40 (from £89.60)
- Lower fare: £61.85 (from £60.00)
Care allowance
- April 2022 price: £69.70 (from £67.60)
Disabled allowance
Care component
- Highest: £92.40 (from £89.60)
- Middle: £61.85 (from £60.00)
- Lowest: £24.45 (from £23.70)
Mobility component
- Superior: £64.50 (from £62.55)
- Lower: £24.45 (from £23.70)
Employment and Support Allowance (ESA)
- Under 25: £61.05 (from £59.20)
- 25 or over: £77.00 (from £74.70)
Housing allowance
- Under 25: £61.05 (from £59.20)
- 25 or over: £77.00 (from £74.70)
- ESA Main Stage Entitlement: £77.00 (from £74.70)
Incapacity benefit (long term)
- April 2022 price: £118.25 (from £114.70)
Income support
- Under 25: £61.05 (from £59.20)
- 25 or over: £77.00 from (£74.70)
Jobseeker’s Allowance (based on contributions)
- Under 25: £61.05 (from £59.20)
- 25 or over: £77.00 (from £74.70)
Jobseeker’s Allowance (income-based)
- Under 25: £61.05 (from £59.20)
- 25 or over: £77.00 (from £74.70)
Maternity/Paternity/Shared parental allowance
- Standard rate: £156.66 (from £151.97)
Pension credit
- Single: £182.60 (from £177.10)
- Couple: £278.70 (from £270.30)
Personal Independence Payment (PIP)
Component of daily life
- Upgraded: £92.40 (from £89.60)
- Standard: £61.85 (from £60.00)
Mobility component
- Upgraded: £64.50 (from £62.55)
- Standard: £24.45 (from £23.70)
State pension
- New Full State Pension: £185.15 (from £179.60)
- Old State Basic Pension (Category A or B): £141.85 (from £137.60)
Widow’s pension
- Standard rate: £126.35 (from £122.55)
Parental bereavement indemnity
- Standard rate: £156.66 (from £151.97)
statutory sickness benefit
- Standard rate: £99.35 (from £96.35)
Universal Credit (Monthly rates shown)
Standard allowance
Only
- Single under 25: £265.31 (from £257.33)
- Single 25+: £334.91 (from £324.84)
Pair
- Joint applicants under 25: £416.45 (was £403.93)
- Joint applicants, one or both aged 25 or over: £525.72 (from £509.91)
child elements
- First child (born before April 6, 2017): £290.00 (from £282.60)
- First child (born on or after 6 April 2017) or second and subsequent child (where an exception or transitional provision applies): £244.58 (was £237.08)
For the full list of proposed DWP increases for benefits and state pension, visit the GOV.UK website here.
