State pensioners receive smaller payments than expected

He explained: “Questions around whether the state pension should rise with inflation in what’s known as the ‘triple lock’ were constant last autumn, and now the Government is looking at whether to bring forward the planned rise in state pension age to 68.

“In an environment where change is the one constant, it’s easy to understand how consumers are overwhelmed and might struggle to seek information about the value of their state pension entitlements, and when they’ll qualify for payment.

“With the state pension making an important contribution to most peoples’ money in retirement, knowing how much you’ll receive is crucial when planning for the future.”

State pension payments are set to receive a significant boost thanks to the return of the triple lock pledge in April.