{"id":263342,"date":"2025-11-15T00:04:14","date_gmt":"2025-11-15T00:04:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/263342\/"},"modified":"2025-11-15T00:04:14","modified_gmt":"2025-11-15T00:04:14","slug":"440-bonus-confirmed-for-state-pensioners-born-before-1951","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/263342\/","title":{"rendered":"\u00a3440 bonus confirmed for state pensioners born before 1951"},"content":{"rendered":"

Millions of pensioners are set for a boost next year\"StatePensions will be going up from April.<\/p>\n

Details of payment increases for older pensioners who retired before 2016 have been confirmed.<\/p>\n

Men born before April 1951 and women born before April 1953 are paid the older basic state pension.<\/p>\n

It is currently worth \u00a39,175 a year and is set to rise by \u00a3440 from next April.<\/p>\n

READ MORE: Rachel Reeves ‘to confirm’ \u00a3575 increase for state pensioners<\/a><\/p>\n

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The amount has been set by the Government’s triple lock policy.<\/p>\n

This ensures the state pension increases each year to match whatever is highest out of inflation, wage growth and 2.5%.<\/p>\n

Latest figures show wages are the highest of those numbers at 4.8%.<\/p>\n

A two-pension system exists in the UK.<\/p>\n

If you retired after April 2016 you will receive the new full state pension, a single payment worth almost \u00a312,000 a year.<\/p>\n

These pensioners are set for a bigger rise of \u00a3575.<\/p>\n

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However, older pensioners on the basic state pension receive additional top-up payments so are not necessarily worse off, though some might be.<\/p>\n

This older pension is gradually being phased out as claimants get older with each passing year.<\/p>\n

Everyone who retires now is put onto the new version of the state pension.<\/p>\n

While the latest hike to pensions will be welcomed, frozen tax bands mean millions more retirees will be pushed towards paying income tax.<\/p>\n

The personal allowance threshold at which someone must starting paying is \u00a312,570.<\/p>\n

The new pension will come just short of this next year and is due to pass the threshold in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Millions of pensioners are set for a boost next yearPensions will be going up from April. Details of…\n","protected":false},"author":2,"featured_media":263343,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,2215,4176,5107,4174,4175,56,54,55,2932],"class_list":{"0":"post-263342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-dwp","10":"tag-finance","11":"tag-pension","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-uk","15":"tag-united-kingdom","16":"tag-unitedkingdom","17":"tag-your-money"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/263342","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=263342"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/263342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/263343"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=263342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=263342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=263342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}