Here’s the breaking news content and SEO tags about the British state pension rising by £460 next year:
Breaking News: £460 State Pension Boost Headlines 2023 Boost
London, November 12, 2022 – In what is being hailed as a major victory for pensioners, the British government has announced a £460 year-on-year rise in state pension payments from April next year.
The news came as a surprise to experts, who had predicted only a modest increase of up to 30 pence rise. The increase, totaling £460 per year (£38.33 per month), is expected to improve the financial outlook for Britain’s pensioners, following years of relative stagnation.
"This is a triumph for pensioners and anyone who has contributed to their state pension throughout their career," said Rachel Griffin-Siddo, the Liberal Democrats Social Care and Welfare Spokesperson. "It recognises the vital role these essential workers have played in strengthening our economy."
The average state pension for a solo earner woman is expected to rise by £460 in 2023, reaching £191.25 per week (or £1,039.50 per month).
For a married couple getting the full rate of their state pension, the raise will mean an additional weekly income of £920 per week (or £1,078.00 monthly).
Pension Calculator: How Will the Increased State Pension Affect Me?
Calculate your weekly state pension based on years of National Insurance contributions paid.
When Will This Increase Take Effect?
The new rates will kick in from April 8, 2023. This means pensioners expecting their state pension payments later in the year will miss out on the full increment.
Pension FAQs: What Do I Do Next?
If I’m already receiving my pension, do I need to do anything? No actions are required as the enhanced state pension rate will automatically go into effect.
[Business] – State pension set to rise by £460 next year | BBC
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