State Retirement Pensions

Department for Work and Pensions written question – answered at on 26 October 2023.

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Photo of Neil Hudson Neil Hudson Conservative, Penrith and The Border

To ask the Secretary of State for Work and Pensions, what recent assessment he has made of the adequacy of the level of financial support provided to people on the State Pension.

Photo of Laura Trott Laura Trott The Parliamentary Under-Secretary of State for Work and Pensions

The Government remains committed to ensuring that older people can live with the dignity and respect they deserve, and the State Pension is the foundation of state support for older people.

In April, the State Pension saw its biggest ever rise, increasing by 10.1%. The full yearly amount of the basic State Pension will be over £3,050 higher, in cash terms, than in 2010. That’s £790 more than if it had been uprated by Prices, and £945 more than if it had been uprated by earnings (since 2010).

The Government understands the pressures people including pensioners are facing with the cost of living and has put in place a significant package of measures. To ensure stability and certainty for households, the Government is providing a further £26bn in cost-of-living support for 2023/24. This is a substantial package of support which recognises the current additional costs faced by pensioners.

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