State pensioners who have retired in the past 10 years and are on the new state pension are now being handed up to £965.20 every four weeks.
The DWP has set the state pension payment rates for April 2026 onwards following the latest Triple Lock adjustment, which has increased the benefit's payout by 4.8%, in line with average wage growth.
The change brings almost £575 extra per year for new state pensioners from Monday, April 6. Older state pensioners will see their payments increase from £176.45 to £184.90, while new state pensioners will see theirs rise from the current £230.25 to £241.30 per week, for those with a full National Insurance record.
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New state pensioners are those who hit state pension age after April 2016. In April 2016, the state pension age was set at 66, which means that new state pensioners today are aged up to 76, though they could turn 77 just after April 6.
The new post-2016 state pensioners will get up to £47.91 extra per month, assuming they have a full National Insurance record, or £574.60 per year more than last year.
The state pension is not paid monthly, but actually paid every four weeks. It means that the new maximum state pension payout will see £965.20 given to new state pensioners every four weeks.
Those with incomplete records will see lower total take-home for their pension payments, depending on how far off the full record they are, which the DWP calculates on a case-by-case basis when you first hit state pension age. All state pensioners should by now have received a personal letter detailing how much their weekly state pension payments will be for this tax year.
Crucially, both of these will still be below the £12,570 Personal Allowance threshold for income tax.
There is also another DWP rule which will allow older state pensioners to boost their weekly payments, depending on their income and savings.
Pension Credit is a benefit that older and new state pensioners can use to boost their income. For example, an older state pensioner who only qualifies for the basic state pension will get £184.90 per week. But Pension Credit tops up this amount up to £238 per week, which is only a few pounds less than the new state pension anyway (£241.30). However, your other income, such as work earnings, property income, savings interest or a private pension, is counted first, and you won't be able to get the full amount if you have exceeded income limits.
However, the Chancellor has also announced that, in future, state pensioners who exceed the £12,570 Personal Tax Allowance will not owe tax on their state pension, provided they have no other income. Details of exactly how this will work are still yet to be revealed, though HM Treasury has confirmed that older pensioners with AP (additional pension) payments will still have to pay tax on their second pension schemes as they do now.