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State pensioners across the UK will receive hundreds of pounds extra next year.

It comes as the state pension rate for 2026/27 was confirmed under the terms of the triple lock.

A 4.7% rise will push the annual rate up to £12,535 - an increase of £562.

READ MORE: Keir Starmer confirms October cost of living payments for six million households

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The boost to payments will kick in from next April.

The triple lock ensures the pension rises every year in line with whatever is highest out of inflation, wage growth and 2.5%.

Wages are up 4.7% and that is what will determine the latest increase.

But it will push more older Brits towards paying income tax for the first time because of frozen tax bands.

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