View Image

A pay rise for pensioners worth hundreds of pounds is expected to be confirmed on Wednesday.

The new state pension is due to rise by £575 from April, based on inflation figures for September.

The older, basic state pension, claimed by older retirees, is set to go up by £440.

READ MORE: DWP confirms new plan for benefit claimants with three conditions

Get our best money saving tips and hacks by signing up to our newsletter

The new rates for 2026/27 have been determined by the triple lock policy.

This ensures the pension rises each year in line with whatever is highest out of wage growth, inflation or 2.5%.

Wage growth was the highest of those this year at 4.8%.

There are two different pension rates in the UK, depending how old you are.

Pensioners who retired after 2016

See Full Page