{"id":6511,"date":"2025-04-10T00:48:17","date_gmt":"2025-04-10T00:48:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/6511\/"},"modified":"2025-04-10T00:48:17","modified_gmt":"2025-04-10T00:48:17","slug":"state-pensioners-born-before-1951-will-get-less-in-bank-accounts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/6511\/","title":{"rendered":"State pensioners born before 1951 will get ‘less’ in bank accounts"},"content":{"rendered":"

Historic changes to the state pension mean age groups receive payments in different ways\"ATwo pension rates are paid to different age groups.(Image: Getty Images)<\/p>\n

The state pension rate is rising from April 6 but older pensioners will get ‘less’ in their regular payments from the DWP<\/a> than younger retirees.<\/p>\n

That’s because of historic changes to the pension system which means age groups are paid in different ways.<\/p>\n

Those who retired after 2016 are on the new full state pension and will get \u00a3920 a year.<\/p>\n

READ MORE: Keir Starmer makes state pension triple lock statement<\/a><\/strong><\/p>\n

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But there’s also the basic state pension paid to men born before April 1951 and women before April 1953.<\/p>\n

This is worth \u00a3705, with weekly payments being lower.<\/p>\n

But there’s a reason for this and does not necessarily mean they will end up with less, although some might.<\/p>\n

Older pensioners may get other top-ups such as the additional state pension, which automatically increases how much they receive, or more money based on their National Insurance contributions.<\/p>\n

So while the weekly state pension payments will be lower for older pensioners, they will likely get other payments on top to boost their incomes.<\/p>\n

The changes were introduced in 2016 in a bid to “simplify” the state pension – but the separate pension rates could easily spark confusion.<\/p>\n

Gradually, everyone who retires over future years will be moved onto the new state pension.<\/p>\n

Ministers have claimed the headline figures for both pensions – presented by the Government – have created a “misunderstanding” over how much both age groups actually receive.<\/p>\n

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They say, on average, there isn’t much difference, but that women on the new pension get slightly more.<\/p>\n

Former pensions minister Steve Webb told the Guardian last year: “The average man gets slightly less under the new system, and the average woman somewhat more \u2013 which was part of the point of the reforms.”<\/p>\n","protected":false},"excerpt":{"rendered":"Historic changes to the state pension mean age groups receive payments in different waysTwo pension rates are paid…\n","protected":false},"author":2,"featured_media":6512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,1267,474,2074,2499,16,15,961],"class_list":{"0":"post-6511","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-uk","14":"tag-united-kingdom","15":"tag-your-money"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114310919119664134","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/6511","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=6511"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/6511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/6512"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=6511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=6511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=6511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}