{"id":458288,"date":"2025-09-28T16:37:23","date_gmt":"2025-09-28T16:37:23","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/458288\/"},"modified":"2025-09-28T16:37:23","modified_gmt":"2025-09-28T16:37:23","slug":"state-pensioners-to-receive-562-bonus-next-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/458288\/","title":{"rendered":"State pensioners to receive \u00a3562 bonus next year"},"content":{"rendered":"

A boost to payments for millions of Brits has been confirmedRichard Guttridge<\/strong> Agenda Editor and Liv Clarke<\/strong><\/a> Tourism writer<\/p>\n

11:47, 28 Sep 2025Updated 11:47, 28 Sep 2025<\/p>\n

\"StateState pensioners are set to recieve a boost in payments next year (Image: inyourArea)<\/p>\n

Millions of Brits will receive a boost to their state pensions next year. The state pension rate for 2026\/27 has been confirmed under the triple lock terms.<\/p>\n

This means state pensioners will receive a 4.7% increase next year, pushing the annual rate up to \u00a312,535 – an increase of \u00a3562. The boost to payments will kick in from next April.<\/p>\n

Under the triple lock pensions rise every year in line with whatever is highest out of inflation, wage growth and 2.5%, BirminghamLive reports.<\/a><\/p>\n

The latest increase has been determined by wages which are up 4.7%. But it will push more older Brits towards paying income tax for the first time because of frozen tax bands.<\/p>\n

Never miss a story with the MEN’s daily Catch Up newsletter – get it in your inbox by signing up here<\/a><\/strong><\/p>\n

There have also been claims the triple lock will become unsustainable because it pushes up pension payments too much.<\/p>\n

\"UKThe boost will come in effect from April next year <\/p>\n

Pension experts 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

But the spokesperson warned: “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

Join the Manchester Evening News <\/strong>WhatsApp<\/strong> group <\/strong>HERE<\/a><\/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 added: “The Government has pledged to maintain the triple lock until the end of this Parliament, but beyond that, nothing is guaranteed.”<\/p>\n

For more of today’s top stories, click here.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A boost to payments for millions of Brits has been confirmedRichard Guttridge Agenda Editor and Liv Clarke Tourism…\n","protected":false},"author":2,"featured_media":458289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,1267,474,1232,2499,16,15],"class_list":{"0":"post-458288","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-money","12":"tag-personal-finance","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115282906379702829","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/458288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=458288"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/458288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/458289"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=458288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=458288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=458288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}