Millions of Britons will have more in their pockets next year as the pension rate is set to rise.
One 3.1% annual increase was announced last week and will apply to Universal Credit, child benefits and more next year.
The government has now revealed the exact amount per benefit is set to increase.
The State Pension will increase to £288.60 a year and General Credit up to £189.72 a year for couples.
The Caregiver’s Allowance will also increase to £109.20 a year and Individual Independence up to £247 a year.
The rate is increasing by 3.1% because that is the inflation rate of the previous month. Inflation is the rising price level of goods and services.
Inflation-matched rise designed to help people keep pace with rising prices.
But the Bank of England has warned that inflation could hit 5% and so Britons benefit found their cash didn’t last very long.
It’s always worth checking that you’re getting all the benefits you’re entitled to use the free benefits checker.
Below, we explain how much each benefit will increase from April 2022.
Standard allowance (per month)
- For those who are single and under 25, the standard allowance will increase from £257.33 to £265.31
- For those who are single and aged 25 and over, the standard allowance will increase from £324.84 to £334.91
- For joint claimants who are all under 25, the standard allowance will increase from £403.93 to £416.45
- For claimants where one or both are aged 25 or over, the standard allowance will increase from £509.91 to £525.72
Additional amount for children
- For those who gave birth to their first child before 6 April 2017, the additional amount will increase from £282.50 to £290
- For those with a child born on or after 6 April 2017 or a second and subsequent child, the additional amount will increase from £237.08 to £244.58
- For those with children with disabilities, the lower rate supplementary payment will increase from £128.89 to £132.89 and higher rates from £402.41 to £414.88
Additional amount for limited work capacity
- For those deemed to have limited working capacity, the additional amount will increase from £128.89 to £132.89
- For those deemed to have limited ability to work or work-related activities, the additional amount will increase from £343.63 to £354.28
Additional amount to become carer
Universal Credit claimants may be able to get an extra if you’re caring for a severely disabled person for at least 35 hours a week.
The amount you get a month will increase from £163.73 to 168.81 pounds
NS The rate of work allowance has increased since November 24 and will increase again from April 2022 onwards.
Increase work allowance
- The higher work allowance (without house amount) for Universal Credit claimants with one or more dependent children or limited working capacity will increase from £557 £573
- The lower work allowance for Common Credit claimants with one or more dependent children or limited work capacity will increase from £335 to £344
- Under 25: Up from £59.20 to £61.05
- All ages and at prime stage ESA: Up from £74.70 to £77.00
- Age 25 to state pension credit age: Up from £74.70 to £77.00
- Pension age reached: Up from £191.15 to £197.10
- Under 18: Up from £59.20 to £61.05
- All ages and at prime stage ESA: Up from £74.70 to £77.00
- Age 18 to state pension credit age: Up from £74.70 to £77.00
- State pension age reached: Up from £191.15 to £197.10
- Both under 18: Up from £89.45 to £92.20
- One or both between the ages of 18 and state pension age: Up from £117.40 £121.05
- All ages and in prime ESA: Up from £117.40 to £121.05
- One or both have reached state pension age: Up from £286.05 £294.90
- Dependent children/youth under 20 years old: Increase from £68.60 to £70.80
Low-income retirees can get that money through Pension credits.
Pension credit will increase from £177.10 a week to £182.60 or for couples, from £270.30 to £278.70
If your income is less than this, you will be eligible for benefits.
You may be able to get the ‘Savings Credit’ portion of your Pension Credit if both of the following apply:
- you reached State Pension age before April 6, 2016
- you have saved some money for retirement, for example a personal or workplace pension
This portion of Pension Credit will increase from £14.04 a week to £14.48 or for couples, from £15.71 to £16.20.
There are also additional amounts available, such as if you are taking care of someone else or are disabled.
You can learn more about Retirement credit includes how to apply in our guide.
The Attendance Allowance helps pay extra costs if you have a disability severe enough that you need someone to help take care of you.
It is paid at two different rates price and how much you get depends on the level of care you need because of your disability.
Higher rates will increase from £89.60 to £92.40, while the lower rate will also increase from £60 to £61.85.
You can claim a Carer Allowance if you care for someone at least 35 hours a week and they receive certain benefits.
Rate will increase from £67.60 to £69.70 a week.
Disability living allowance
The Disability Living Allowance is being replaced by the Personal Independence Payment (PIP) for people with disabilities.
You can only apply for a DLA if you are under the age of 16. Older adults whose DLA claims have not yet closed may see increased payments.
- The highest amount will increase from £89.60 to £92.40
- Average amount from £60.00 to £61.85
- Lowest amount from £23.70 to £24.45
And for the mobile component:
- Higher amounts from £62.55 to £64.50
- Lower amounts from £23.70 to £24.45
Employment support allowance
The Employment Support Allowance (ESA) dominates workers’ wages if they are low-income.
- Under 25, from £59.20 to £61.05
- Age 25 and up, from £74.70 £77.00
- Lonely parents under 18, from £59.20 to £61.05
- Lonely parent aged 18+, from £74.70 £77.00
There are also other rates available for couples, people with disabilities or caregiving responsibilities.
The Job Seeker Allowance (JSA) supports people who are out of work while they look for work.
It is being replaced by Universal Credit but if you still claim it you will see the payments go up next year.
For those under 25, contribution-based and income-based payments will increase from £59.20 a week to £61.05and from £74.70 to £77.00 week for the elderly.
There are also other rates available for couples, those with children, a disability, or a caring responsibility.
Maternity, paternity, adoption and parents’ joint salary
Payments to parents who spend time with their children, including adoptees, will also increase next year.
Statutory rate will increase from £151.97 to £156.66, for maternity, adoption, paternity and parental share wages.
Wages for the bereaved parents will also increase.
New mothers who do not qualify for the standard maternity pay can still receive payments of up to thousands of pounds from Maternity allowance.
It will increase from £151.97 a week to £156.66 from April.
Independent payment for individuals
Rates for individual independent payments (PIPs) will increase from next April.
PIP provides additional cost-of-living assistance for people with illnesses or disabilities.
Daily living component payments will increase from £89.60 to £92.40 to advanced and from £60 words £61.85 for standard.
As for the mobile component, it will go up from £62.55 to £64.50 to raise and £23.70 to £24.45 for standard.
Statutory sick pay
You can get statutory sick pay (SSP) if you are absent from work, even if you are in isolation due to the pandemic, even if you are not sick yourself.
SSP is currently £96.35 per week and it is paid by your employer for up to 28 weeks.
That will increase £99.35 in April next year.
Full rate of the new Pension scheme will increase from £179.60 a week to £185.15.
For the basic part of the old state pension, the rate will increase from £137.60 to £141.85.
We pay for your stories!
Do you have a story for The Sun Money team?
Email us at email@example.com
https://www.thesun.co.uk/money/16886813/full-list-new-benefit-rates-2022-2023-rise/ Full list of new benefit rates revealed ahead of April 2022 rise