Pensioners set to receive increased benefit payments from April – full list of rate rises | Personal Finance | Finance

As the continues, many families on low incomes could be struggling to keep up with rising price. are amongst the most vulnerable groups which could most benefit from benefit rate rises to come.

The state pension is increasing in April along with pensioner benefits like Pension Credit and Attendance Allowance, but exactly how much more can people expect?

State Pension
Anyone receiving the full new state pension will get an extra £19 a week from Monday April 10 onwards while anyone who reached state pension age before April 2016 (and is in receipt of the full basic state pension) will get an extra £14 weekly.

That takes the former to £10,600 a year or £203.85 per week for 2023/24, from £185.15 in the last financial year, and the latter to £8,100 a year or £156.20, up from £141.85.

Full New State Pension: £203.85 (from £185.15)
Basic Old State Pension (Category A or B): £156.20 (from £141.85)

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Eight million pensioner households will also get a £300 Cost of Living payment in late 2023.

The £300 payment will be made on top of Winter Fuel payments, which in late 2022 were made to nearly every pensioner who turned 66 born before September 26, 2022.

In winter 2023/2024, the Winter Fuel and Cost of Living Payments are expected to be made to those who reach the state pension age before September 25, 2023.

That means most people born before September 25, 1957 will get Winter Fuel Payments plus an extra £300.

The amount paid in Winter Fuel Payments can vary depending on who the person lives with, their age and if they claim any benefits other than a pension, but the £300 Cost of Living Payment is the same for everybody who qualifies.

The DWP said: “Exact payment windows will be announced closer to the time but the 2022/2023 payments were made from November, so expect a similar timescale in Winter 2023/2024.”

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