Pensioners will see the state pension rise in 2023

The cost of living crisis and high inflation continues to bite for millions of households right across the UK. Older households are particularly feeling the pinch, given many are on a limited income. However, there are some changes in 2023 which will hopefully go some way to helping pensioners. What are they? 

State pension

Chancellor Jeremy Hunt has confirmed the return of the triple lock, in welcome news for older Britons.

He said in his Autumn Statement: “Because we have taken difficult decisions elsewhere in this statement, I can announce that we will fulfil our pledge to the country to protect the pensions triple lock.

“So, in April, the state pension will increase in line with inflation, an £870 increase which represents the biggest ever cash increase in the state pension.”

READ MORE: WASPI grandma ‘pensionless pensioner’ after state pension age change

Attendance Allowance

The Government has vowed to uprate all benefits by 10.1 percent, which has been described as an “expensive commitment”.

However, for those in receipt of Attendance Allowance, this is likely to be good news.

It means the lower rate of the benefit will increase from £61.85 to £68.10 per week.

While the higher rate will rise from its current £92.40 to £101.75. 

Attendance Allowance helps people with extra costs if they have a disability or condition severe enough to require help.