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Details of payment increases for older pensioners who retired before 2016 have been confirmed.

Men born before April 1951 and women born before April 1953 are paid the older basic state pension.

It is currently worth £9,175 a year and is set to rise by £440 from next April.

READ MORE: Rachel Reeves 'to confirm' £575 increase for state pensioners

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The amount has been set by the Government's triple lock policy.

This ensures the state pension increases each year to match whatever is highest out of inflation, wage growth and 2.5%.

Latest figures show wages are the highest of those numbers at 4.8%.

A two-pension system exists in the UK.

If you retired after April 2016 you will receive the new full stat

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