Some state pensioners handed free £2,805 from DWP but others will miss out

Some state pensioners handed free £2,805 from DWP but others will miss out

The new Labour Party government looks set to hike the State Pension - both at its New rate and its Basic rate - in a major boost for older Britons.

by · Birmingham Live

Some state pensioners will be handed £2805 MORE than others under a rule change from next year. The new Labour Party government looks set to hike the State Pension - both at its New rate and its Basic rate - in a major boost for older Britons.

Under the Triple Lock, the old state pension is forecast to see a £353 rise in 2025. The weekly rate will rise from its current £169.50 to an April 2025 rate of £176.28, a £6.78 increase, while annually, it will go from £8,844.27 to £9,198.04 in April - a £353 hike.

But that is £2k less than new state pension claimants will get ahead of a £461 rise in 2025. The current rate of £221.20 will rise to £230.05 - a £8.85 weekly uplift - while the annual rate rises to £12,003 from £11,541.

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Changes were introduced in 2016 to simplify the State Pension. There are currently two systems in place – the new State Pension and the basic State Pension. The one you’ll claim depends on when you reach your State Pension age.

Your State Pension is based on your National Insurance (NI) contributions, or sometimes on your partner’s NI contributions. If you qualify for Additional State Pension, it will be automatically added to your basic State Pension – unless you were contracted out. You might be able to 'top up' your pension by using your spouse or civil partner’s NI contributions, if you’re not able to get a basic State Pension.

You won’t be able to do this if you were self-employed. You should get this increase automatically. You need to make a claim for your pension – you won’t get it automatically. You should get a letter inviting you to claim up to four months before you reach State Pension age.

But you can still claim if you do not get a letter.