Full list of new DWP State Pension amounts from April View Image

Millions of retired Brits are set to see a substantial boost in their pension payments from next April thanks to the triple lock guarantee. Data published by the Office for National Statistics (ONS) last month revealed that the state pension will climb by 4.8% in the spring, matching total earnings growth for the quarter ending in July.

The pension rises each April according to whichever proves highest among total earnings growth between May and July in the preceding year, Consumer Prices Index (CPI) inflation in September of the previous year, or 2.5%. The confirmation that September's CPI stood at 3.8% meant the rise will be calculated on earnings growth, providing retirees with a considerable income enhancement.

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