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2.5% pension increase
Posted: Sat 22 Apr 2023 6:16 am
by £eagle
Just received my April state pension. An increase of 2.5%. I was hoping for the 10.1% increase - greedy me.
Re: 2.5% pension increase
Posted: Sat 22 Apr 2023 7:57 am
by Mollie the cat
I got the same, was sure it was 10.1 percent???
Re: 2.5% pension increase
Posted: Sat 22 Apr 2023 7:58 am
by tutor4u
Increase to Pension normally takes place 1st May onwards,
Re: 2.5% pension increase
Posted: Sat 22 Apr 2023 8:19 am
by Maisiemoo
https://www.which.co.uk/news/article/st ... I912V9Ea3M
This may help to explain why you won't get the full increase until next month.
Re: 2.5% pension increase
Posted: Sat 22 Apr 2023 10:25 am
by Kanonier
Pro rata for April
Re: 2.5% pension increase
Posted: Sat 22 Apr 2023 3:54 pm
by frugal90
New rate from 10th April on my public service pension.
Re: 2.5% pension increase
Posted: Sun 23 Apr 2023 1:19 pm
by jayceebee
I had a letter from UK Pensions explaining that the new rate including the 10.1% would be used as from the day after my April pension paydate. Therefore expect it to be reflected in my May pension payment.
Re: 2.5% pension increase
Posted: Mon 24 Apr 2023 6:03 pm
by Sukicat
Just remember folks what they give you with one hand they can take part of it away with the other!
Found that my increase will take my annual total over the tax free allowance so I will end up paying more tax on my company pension.
Still happy to be getting the extra.
Re: 2.5% pension increase
Posted: Tue 25 Apr 2023 7:10 am
by Deniz1
I got 100 pounds a month more on 24t April.