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Basic State Pension set to rise

The Government has announced that the full Basic State Pension will increase by £4.50 per week to £102.15 per week in April 2011.

Low income pensioners will also benefit, as most Pension Credit recipients will see a £4.75 per week increase in their guarantee credit and Cold Weather Payments have been permanently increased to £25 from £8.50.

Steve Webb, Minister for Pensions said: "We've taken a decision to restore the link with earnings and increase the Basic State Pension by the highest of prices, earnings or 2.5%. The triple guarantee will ensure that pensioners can expect a decent offering from the state in retirement."