New payments have been confirmed by the Government
Pension payments are rising from April.
Millions of pensioners will be getting hundreds of pounds extra as a new bonus was confirmed.
Regular pension payments will be increasing for 2026/27.
Exactly how much more you will get depends how old you are, as there are two versions of the state pension.
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Men born before April 1951 and women before April 1953 receive the basic state pension.
Anyone who has retired since 2016 is on the new full pension.
The full pension is worth considerably more, though older retirees may also receive top-up payments.
The full pension is going up by £575 to £12,547 a year.
There will be a smaller increase of £440 for older seniors on the basic pension, taking the total to £9,615.
New rates for 2026 come into effect from the start of April, the new financial year.
They have been determined by the triple lock policy, which ensures the pension climbs each year to keep pace with general living standards.
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It comes amid increasing discussion over the long-term future of the triple lock.
Pension experts at Spencer Churchill Claims Advice said: “This increase will be very welcome for millions of pensioners who are finding it increasingly difficult to keep up with rising living costs.
“However, the policy is becoming significantly more expensive for the Government every year.
“The triple lock now costs far more than originally forecast.
“Analysis from the Office for Budget Responsibility has highlighted that the triple lock is now costing around three times more than expected when it was introduced.
“Pensioners will benefit immediately but the wider question is how these increases will be funded in the long term without shifting the financial burden onto working households.”