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The Department for Work and Pensions (DWP) is advising state pensions to evaluate their spending habits ahead of next year's triple lock boost.

Payments will be boosted by 4.8 per cent, bringing the new state pension from the current £230.25 a week to £241.30 a week, or £12,547.60 a year.

However, the pay rise will only come into effect from April, 2026.

Mike Ambery, retirement savings director at Standard Life, said: "The cost of living remains high and state pensioners, unlike people of working age, usually don't have the chance of an earnings boost through a pay rise or bonus.

"The key thing is to regularly review all income and outgoings, check eligibility for all extra support including state benefits and seek help as soon as possible if things seem overwhelming.

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