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  "path": "/money/state-pension-payment-rise-dwp",
  "publishedAt": "2026-03-10T15:47:48.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Martin Lewis issues state pension warning for Britons aged 40-73 as deadline looms",
    "DWP's state pension benefit worth £4,300 not claimed by 36 per cent of eligible Britons",
    "The state pension changes to hit bank accounts in April as triple lock provides £575 boost",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nState pensioners across the United Kingdom will receive an extra £575 annually from next month, the Department for Work and Pensions (DWP) has confirmed.\n\nPensions Minister Torsten Bell made the announcement during Work and Pensions questions in the House of Commons on Monday (March 9).\n\n###\n\n\n\n\nFrom next month, the new state pension will climb to £241.30 per week, an increase from the current £230.25 rate, thanks to the triple lock.\n\nThose receiving the basic State Pension under the older system, which is reserved for those born before April 6, 2016, will see their weekly payments rise from £176.45 to £184.90.\n\n###\n\n\n\n\n###\n\n\n\n\nUnder the triple lock, state pension payment rates are guaranteed to increase annually by either the rate of inflation, average wage growth, or 2.5 per cent; whichever is highest.\n\nMr Bell told MPs: \"Payments of both the basic and new state pensions will increase by 4.8 per cent in a few weeks' time, boosting pensioners' incomes by up to £575 a year.\n\n\"The yearly amount of the full new state pension is projected to rise by about £2,100 a year over the current Parliament.\"\n\nHe emphasised that this trajectory stems directly from the pledge to keep the triple lock in place throughout this Parliament, as outlined in Labour's manifesto.\n\n###\n\n\n\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Martin Lewis issues state pension warning for Britons aged 40-73 as deadline looms\n  * DWP's state pension benefit worth £4,300 not claimed by 36 per cent of eligible Britons\n  * The state pension changes to hit bank accounts in April as triple lock provides £575 boost\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHe pointed to the Government's response, describing it as \"the biggest-ever take-up campaign for Pension Credit\" alongside measures targeting essential costs, particularly energy bills due to take effect shortly.\n\nPension Credit is a top-up benefit for low-income retirees, which is administered by the DWP and considered a \"gateway\" for extra support such as Winter Fuel Payments.\n\nThe Parliamentary Secretary also highlighted demographic pressures, noting Britain's pensioner population stands at 12 million currently but is projected to reach 18 million within five decades.\n\nConservative MP Mark Garnier launched a sharp attack on the Labour Government's approach to pension policy during the session.\n\n###\n\n\n\n\n###\n\n\n\n\nHe accused the Government of discouraging private pension savings through a series of measures including applying inheritance tax (IHT) to pensions, excluding pensions from lifetime ISA reforms, imposing mandation requirements on trustees, and capping salary sacrifice savings incentives.\n\nMr Garnier argued: \"Through their actions, this Government are pushing people to be more reliant on the state pension, rather than encouraging people to take control of their own financial future.\" He demanded to know which policy would be reversed next.\n\nConcerns have also been raised that the state pension is dangerously close to exceeding the personal allowance from next year, which means Britons will be forced to pay tax on their payments alone from next year.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "State pension payments to rise by extra £575 a year but retirees at risk of being 'more reliant' on DWP"
}