13 October 2009
The Basic State Pension is increased each April in line with the
preceding September's Retail Price Index (RPI) annual inflation
figure. This has just been announced as minus 1.4%. However, the
Government confirmed in a recent budget its commitment to
increasing the basic state pension by a minimum of 2.5% per
annum.
Since we have had deflation for the month of September the Basic
State Pension is likely to be increased by around £2.40 a week
from next April. The full Basic State Pension currently stands
at £95.25. No official announcement has yet been made on any
benefit rates for next year.
