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State Pension: DWP sum to increase next month - how much Britons will get in 2021/22 | Personal Finance | Finance


| UPDATED: 21:18, Fri, Mar 12, 2021
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State Pension payments are provided to people who have reached an eligible age and who have put forward a certain number of National Insurance contributions. The amount is overseen by the Department for Work and Pensions (DWP), responsible for ensuring all pensioners receive the amount to which they are entitled. It is usually the case a person will need at least 10 qualifying years of National Insurance contributions to receive any state pension at all. ....

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State pension: Frozen pension issue to be addressed 'shortly' - but 'no plans' to change | Personal Finance | Finance


| UPDATED: 14:48, Tue, Mar 2, 2021
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State Pension payments ultimately vary according to a person’s National Insurance contributions, however, the full sum currently stands at £175.20 per week. The Triple Lock Mechanism ensures pensioners receive an increase each year by the highest of the following: 2.5 percent, inflation, or average earnings growth. Due to Brexit, there were concerns pensioners who retired overseas could miss out on the annual uprating. ....

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State Pension: Married Women's Pension to increase in 2021 - full details explained | Personal Finance | Finance


| UPDATED: 12:40, Thu, Feb 4, 2021
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State Pension payments usually increase each year in accordance with the Triple Lock Mechanism, which is particularly valued by those receiving the pension sum. The state pension Triple Lock Mechanism sees the sum people receive increase annually by the highest of the following: earnings, the rate of inflation, or 2.5 percent. This year, the increase will be 2.5 percent, as confirmed by Work and Pensions Secretary, Dr Therese Coffey. ....

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