{"id":172486,"date":"2025-10-01T09:39:13","date_gmt":"2025-10-01T09:39:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/172486\/"},"modified":"2025-10-01T09:39:13","modified_gmt":"2025-10-01T09:39:13","slug":"562-bonus-confirmed-for-all-state-pensioners-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/172486\/","title":{"rendered":"\u00a3562 bonus confirmed for all state pensioners"},"content":{"rendered":"

The state pension will rise by 4.7% next year, pushing up the annual rate to 12,535 for those on the new state pension – an increase of 562\"An<\/p>\n

State pensioners throughout the UK are set to receive hundreds of pounds additional income next year. his follows confirmation of the state pension rate for 2026\/27 under the triple lock arrangement.<\/p>\n

A 4.7% increase will elevate the annual rate to \u00a312,535 for those receiving the new state pension – representing a boost of \u00a3562.<\/p>\n

The enhanced payments will start from next April, reports Birmingham Live<\/a>. Read the biggest stories in Wales first by signing up to our daily newsletter here<\/a>.<\/p>\n

The triple lock guarantees the pension increases annually in accordance with whichever is the highest amongst inflation, wage growth and 2.5%.<\/p>\n

Wages have risen by 4.7% and this will dictate the forthcoming increase.<\/p>\n

However, it will push more elderly Britons towards paying income tax for the first time due to frozen tax thresholds.<\/p>\n

There have also been suggestions the triple lock will become unviable as it drives pension payments up excessively.<\/p>\n

Read more: Kettle tip and four other habits that could keep energy price hike at bay for households<\/a><\/p>\n

Pension specialists at Spencer Churchill Claims Advice said: “From April 2026, the state pension will rise by 4.7%, taking the full new state pension to about \u00a3241 a week, or just over \u00a312,500 a year.<\/p>\n

“That’s a meaningful increase, especially for those relying heavily on it to cover everyday expenses.”<\/p>\n

However, the spokesperson cautioned: “The rise also brings the state pension close to the frozen personal tax allowance, meaning more retirees could end up paying income tax on their pension alone.<\/p>\n

“Pension rises look good on paper, but frozen personal allowances mean retirees don’t always feel the full benefiit.<\/p>\n

“This is called fiscal drag \u2013 where an increase in pension income simply pushes people into tax thresholds.<\/p>\n

“Many pensioners who only rely on the state pension will soon find themselves paying tax for the first time, while those with workplace or private pensions are already there.”<\/p>\n

They further commented: “The Government has pledged to maintain the triple lock until the end of this Parliament, but beyond that, nothing is guaranteed.”<\/p>\n","protected":false},"excerpt":{"rendered":"The state pension will rise by 4.7% next year, pushing up the annual rate to 12,535 for those…\n","protected":false},"author":2,"featured_media":172487,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55,2932],"class_list":["post-172486","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-your-money"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/172486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=172486"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/172486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/172487"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=172486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=172486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=172486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}