New update on calls for £550 weekly State Pension pay for every person over 60

An online petition urging the UK Government to increase the current Basic State Pension payment rate from £156.20 to £203.85 each week has now passed the 10,000 signature threshold and is entitled to an official written response, most-likely from the Department for Work and Pensions (DWP).

The latest statistics from the Department for Work and Pensions (DWP) show the State Pension currently provides regular financial support for nearly 12.7 million older people across the country, including over one million retirees living in Scotland. This payment is available for those who have reached the UK Government’s eligible retirement age, which is currently 66 for men and women, and have paid at least 10 years' worth of National Insurance Contributions.

More than 45,200 people have signed an online petition calling for a ‘universal’ weekly State Pension payment of nearly £550 in order to match the current hourly rate of the National Living Wage. Petition creator Michael Thompson also suggests making the option to claim State Pension available to everyone from the age of 60.

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The chair of the Women Against State Pension Inequality (WASPI) campaign has indicated that the final report from the Parliamentary and Health Service Ombudsman (PHSO) into ‘injustice caused by the maladministration’ of changes to the State Pension age, “is set to be released within weeks”.

Millions of people claiming their State Pension can look forward to an inflation-busting boost next month when payments rise by 8.5 per cent from April 8. Under the wages growth measure of the Triple Lock policy, those on the full New State Pension can expect an annual increase of £902, while those on the full Basic State Pension will see an uplift of £692.

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The Department for Work and Pensions (DWP) has said it is “cooperating fully” with the Parliamentary and Health Service Ombudsman (PHSO) while it conducts its independent investigation into ‘injustice caused by the maladministration’ of changes to the State Pension age, which has affected millions of WASPI women (Women Against State Pension Inequality). Pensions Minister Paul Maynard MP said the DWP will “carefully consider any findings that arise from the final report”.

Millions of people claiming their State Pension can look forward to an inflation-busting boost next month when payments rise by 8.5 per cent from April 8, 2024. Under the wages growth measure of the Triple Lock policy, those on the full New State Pension can expect an annual increase of £902, while those on the full Basic State Pension will see an uplift of £692.

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A Labour peer has urged the UK Government to review the decision to freeze the personal allowance at £12,570 until 2026 as it could see future New State Pension payments exceed the income threshold resulting in more people paying tax in retirement. Lord Davies of Brixton warned that if no changes are made, the State Pension and personal tax allowance are on course to “collide” by the 2027-28 financial year.

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