Older state pensioners across the UK are set to get £9,614 annual payments from the Department for Work and Pensions ( DWP ) in an announcement expected this Wednesday.

Chancellor Rachel Reeves will deliver the autumn Budget on November 26, where she will outline tax, spending and borrowing plans for the year ahead, with the announcement to impact individuals across the country, as well as businesses and the UK economy as a whole. The Government increases State Pension rates every year, and the amount it goes up by is determined by whichever is the highest out of three factors – known as the ‘ triple lock ’. These are the consumer price index (CPI) measure of inflation (measured for September in the previous year), average wage growth between May and July of the previous year, o

See Full Page