State Retirement Pensions: Coronavirus

(asked on 16th June 2020) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment she has made of the potential merits of increasing the level of the state pension as a result of the financial difficulties faced by pensioners during the covid-19 outbreak.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 24th June 2020

The Government remains committed to providing dignity and security in retirement to all pensioners. In April 2020, full amounts of the basic and new State Pensions increased by 3.9%, in line with average earnings growth. This was the highest increase since 2012.

The full yearly amount of the basic State Pension is worth around £700 more in 2020/21 than if it had been uprated by earnings since 2010. That is over £1,900 in cash terms.

Pension Credit provides a safety net for people of State Pension age most in need. It provides a top up for people with a weekly income below £173.75 (for single people) or £265.20 (for couples). On 6th May we introduced an online claim process for Pension Credit in addition to the existing ways of claiming by telephone and by post, making it quicker and easier for people to apply.

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