State pensioners under 77 get £965 every four weeks after triple lock boost | Personal Finance | Finance
Younger state pensioners can get up to £965.20 every four weeks thanks to the latest triple lock boost which took effect in April.
Those who hit state pension age after April 2016 are given more per week than older state pensioners in their basic weekly payments, at £241.30 rather than £184.90, following the recent Triple Lock boost which added another 4.8% from April 6, the beginning of the new tax year (though new state pensioners don’t get any Additional Pension payments).
The state pension age was 66 rising to 67 at the time the new state pension began in April 2016, which means that as of June 2026, state pensioners who retired onto the new state pension, with its larger weekly payments from the DWP, will be 77 or under.
That means that for every four-week period, new post-2016 state pensioners will get up to £965.20 from their basic rate state pension payments, as long as they have maximised their National Insurance record.
The NI record is gained through work in the UK, but can also be boosted by claiming Child Benefit (for looking after a child full time, such as after giving birth) or for looking after grandchildren. You need a minimum of 10 years of National Insurance contributions to get any state pension at all, and the calculations will maximise your payments at roughly 35 years’ of annual NI records.
Those with incomplete records will see lower total take-home for their pension payments, depending on how far off the full record they are, which the DWP calculates on a case-by-case basis when you first hit state pension age.
The annual sum of basic rate state pension payments for an older state pensioner comes to £12,547.60.
The Chancellor has also announced that in future, state pensioners who exceed the £12,570 Personal Tax Allowance will not owe tax on their state pension, as long as they have no other income.
Details of exactly how this will work are yet to be revealed, although Additional State Pension schemes for older state pensioners will not be exempted from tax, HM Treasury has confirmed to the Express.
