Pensioners will be getting a boost to their bank balances in the coming days
Keir Starmer has told millions of state pensioners they can look forward to a boost to their bank balances from next week.
The Prime Minister spoke about the April increase to the state pension rate in the House of Commons on Wednesday.
He set out how much more millions of pensioners would be getting for 2025/26 from next week under the triple lock pledge.
READ MORE: State pensioners to notice extra £36 payments in bank accounts from April
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The annual rise will come into effect from April 6.
The new state pension, paid to those who retired after April 2016, will rise from £221.20 a week to £230.25.
That works out to an extra £36.20 a month, and be worth an extra £470 a year.
Those who retired before 2016 on the old state pension will get up to £176.45 a week, up from £169.70.
The PM told the Commons during Prime Minister’s Questions: “We can commit to triple lock because we restored stability after they (the Conservatives) crashed the economy.
“Twelve million pensioners will receive up to £470 more.”
Starmer also pressured the Tory leadership over the future of the triple lock, raising previous comments by both leader Kemi Badenoch and Shadow Chancellor Mel Stride.
The triple lock ensures the state pension increases every year in line with whatever is highest out of inflation, wage growth and 2.5%.
It is going up 4.1% this year to match wages.
The PM said: “The Shadow Chancellor called triple lock unsustainable and the leader of the opposition wants to means test the triple lock so she can cut it.”
In response, Ms Badenoch pointed out the triple lock was “Conservative policy”, having been brought in when the Tories were in power.
