Overview
- The 4.8% uplift, which took effect Monday, raises the full new State Pension to £241.30 a week and delivers up to £575 this year for more than 12 million people.
- Pension Credit also rises by 4.8%, lifting the standard minimum guarantee to £238 a week for single claimants and £363.25 for couples, which can unlock help with housing, council tax, NHS costs and TV licences.
- The State Pension age has begun a monthly step-up from 66 to 67 for those born from 6 April 1960 to 6 March 1961, so even a one‑day difference in birth date can shift the claim date by weeks.
- Because the new full pension now sits close to the £12,570 personal allowance, ministers have pledged that people with only the State Pension will not face small tax bills this Parliament, with HMRC to set out how this will work.
- The government estimates uprating will add about £11 billion to 2026/27 spending, while the Institute for Fiscal Studies says the age rise could save around £10 billion a year by the end of the Parliament but risks higher poverty for affected groups.