{"id":461254,"date":"2026-03-06T19:34:11","date_gmt":"2026-03-06T19:34:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/461254\/"},"modified":"2026-03-06T19:34:11","modified_gmt":"2026-03-06T19:34:11","slug":"rachel-reeves-confirms-major-pension-change-from-april","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/461254\/","title":{"rendered":"Rachel Reeves confirms major pension change from April"},"content":{"rendered":"

Millions of over-65s will see more cash drop into their bank accounts\"rachel<\/p>\n

Rachel Reeves has confirmed latest pension rates.(Image: Getty Images)<\/p>\n

A big change to the state pension will be happening from the start of April.<\/p>\n

Payment rates will be gong up for millions of over-65s.<\/p>\n

Higher amounts will take effect from the first full week of April, with more cash dropping into bank accounts.<\/p>\n

READ MORE: Rachel Reeves confirms new \u00a3117 cost-of-living payments for ‘everybody’<\/a><\/p>\n

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Latest rates have been confirmed by Chancellor Rachel Reeves under triple lock rules.<\/p>\n

While all pension payments are going up, not everyone receives the same amount.<\/p>\n

It depends how old you are and when you retired, as there are two types of pension.<\/p>\n

Everyone who has retired since April 2016 is on the new full state pension.<\/p>\n

They will be seeing their payments going up by \u00a344 extra a month, and \u00a3575 over a year.<\/p>\n

All older pensioners receive the older, basic pension, which has a lower rate.<\/p>\n

This version of the pension will be rising by \u00a3440.<\/p>\n

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Pensioners on the lower rate may get other top-up payments to at least partially make up the gap, though there are complaints the system is not fair for all.<\/p>\n

Latest rates have been set by the triple lock, which ensures the state pension increases every year to match whatever is highest out of inflation, wage growth and 2.5%.<\/p>\n

It comes at the same time as another major state pension change.<\/p>\n

From April, the age at which Brits claim will gradually start to rise from 66 until it eventually reaches 67.<\/p>\n","protected":false},"excerpt":{"rendered":"Millions of over-65s will see more cash drop into their bank accounts Rachel Reeves has confirmed latest pension…\n","protected":false},"author":2,"featured_media":461255,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,39978,5107,4174,4175,56,54,55,2932],"class_list":["post-461254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-money-saving-tips","tag-pension","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\/461254","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=461254"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/461254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/461255"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=461254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=461254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=461254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}