Pension

[HFJL2020]

how much is the rise in state pension rising this year in pounds and pense

[bhg481]

The rise depends on what your current pension is; my wife and I have both received our notifications so yours should be along soon.

[goodgoalie]

It's just about exactly 10%, so easy to work out what it means for you

[ZebuSanctuary]

If you qualify for the full new State Pension, this will rise to £203.85 a week which represents an increase of £18.70.

If you are entitled to a full (older) basic State Pension, this will increase by £14.35 a week so you would receive £156.20.

In the event you're not entitled to these full amounts, then calculate 10.1% of the weekly amount you receive currently.

As a near accurate guide, let's suppose you draw £112.56 in pension every week or £450.24 every 4 weeks, then move the decimal point one place to the left. Thus your weekly or 4 weekly increase would amount to £11.25 or £45.02 respectively.

Hope this helps :-)