Business

State pension to rise by more than £400 a year in April – double some winter fuel payments

The state pension is due to rise by 4% in April, giving an extra £460 a year to recipients.

The payment increases by the highest of total average weekly earnings, inflation for September or 2.5%.

Figures on Tuesday showed average weekly earnings rose by 4% in the three months to July.

Inflation data for September has not yet been published but stood at 2.2% for July, according to the Office for National Statistics (ONS).

The pension rise comes as the government is under pressure having scrapped the winter fuel allowance. The annual rise in pension payments is more than double the allowance for some, worth either £200 or £300.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

Hims & Hers faces scrutiny from senators on Super Bowl ad that ‘risks misleading’ patients
ISRO Successfully Conducts CE20 Cryogenic Engine Vacuum Test for LVM-3
Starmer has a battle on his hands – but when it’s green v growth, there’s only one winner
Economics isn’t everything and Trump is targeting a deeper issue with latest tariffs – but the cost could be high
Pilot killed as Motley Crue frontman’s jet crashes at airport