More than 12.4 million older people across the UK are currently receiving regular monthly payments through their State Pension, including 981,399 Scots.
01.12.2021 - 22:05 / dailyrecord.co.uk
The Department for Work and Pensions (DWP) recently confirmed that State Pension payments will increase by 3.1% in line with the Consumer Price Index (CPI) from April 11, 2022.
This means the basic State Pension will increase to £141.85 per week from £137.60, the equivalent of £567.40 each month and the full new State Pension will increase to £185.15 from £179.60, which amounts to £740.60 each month.
The decision was confirmed after The Social Security (Up-rating of Benefits) Act 2021
More than 12.4 million older people across the UK are currently receiving regular monthly payments through their State Pension, including 981,399 Scots.
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More than 12.4 million older people across the UK are currently receiving regular monthly payments through their State Pension, including 981,399 Scots.
Personal Independence Payment (PIP) is a benefit for people aged over 16 and under State Pension age who need help with daily living tasks or getting around outside the home as a result of a long-term illness, disability or mental health condition.
Benefits and payments from the Department for Work and Pensions (DWP) or HM Revenue and Customs (HMRC) are usually made on a regular basis directly into your bank, building society or credit union account.
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State Pension provides essential financial support every month for over 12.4 million people across the UK. 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.
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State Pension provides essential financial support every month for around 12.4 million people across the UK, including 981,399 Scots and for some, it is their only source of income during their retirement years.
More than 12.4 million older people across the UK are currently receiving regular monthly payments through their State Pension, including 981,399 Scots.
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The latest figures from the Department for Work and Pensions (DWP) show that in May this year, 12.4million older people across the UK were receiving State Pension payments, including 981,399 Scots.