New DWP weekly payment rates for State Pension, PIP, Universal Credit and other benefits from next April
19.12.2023 - 14:27
/ dailyrecord.co.uk
The Department for Work and Pensions (DWP) has shared the proposed, new State Pension and benefits payment rates to come into effect from April 8, 2024. State Pensions will rise by 8.5 per cent, as per the Triple Lock policy, while most benefits will increase by the September Consumer Price Index (CPI) inflation figure of 6.7 per cent.
The proposed rates will be formally confirmed in Parliament in due course, but the figures published very rarely change unless a calculation error has been made. This means people on the State Pension and benefits including Universal Credit, Personal Independence Payment (PIP), Carer’s Allowance and Attendance Allowance can start to factor in the increased amount into their household budgets from April.
It’s important to note that while the Pension Credit income threshold will increase next April, the Benefit Cap will not be increasing.
Weekly rates are shown, unless otherwise stated and have been listed in alphabetical order to make it easier to find the payment relevant to your own situation.
A full list of the increases along with the Benefits Caps, earnings thresholds and Housing Benefits allowances, can be found on GOV.UK here.
The Scottish Government will confirm the uprating for devolved benefits including Adult and Child Disability Payment and the newly launched Carer Support Payment later today (December 19). These are expected to rise in-line with the DWP to prevent a two-tier benefits system.
Care Component
Mobility component
Singles
Couples
Full details on amounts for mixed age households and premiums can be found on GOV.UK here.
Short-term Incapacity Benefit (over State Pension age)
Increase of Long-term Incapacity Benefit for age
Invalidity Allowance (Transitional)