State Pension payments will change for some people at the start of next year

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State Pension payment rates will increase for nearly 12.6 million people across the UK by 3.1% next April after the Office for National Statistics (ONS) released new inflation figures for September on Wednesday morning.

State Pension is expected to increase for millions of people from next April.

State Pension provides essential financial support every month for around 12.6 million people across the UK, including 981,399 Scots. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which is now 66 for both men and women.

State Pension provides financial support every month for around 12.6 million people across the UK, including 981,399 Scots and for some, it is their only source of income during their retirement years.

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State Pension will increase for nearly 12.6 million people by at least 2.5 per cent next April, however, financial experts say the monthly payment could go up by even more - as much as four per cent.

State Pension provides essential financial support every month for around 12.6 million people across the UK, including 981,399 Scots. This regular payment is available for those who have reached the UK Government’s eligible retirement age, which increased to 66 for both men and women in October 2020.

State Pension provides essential financial support every month for around 12.6 million people across the UK, including 981,399 Scots and for some, it is their only source of income during their retirement years.

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