Feb 20 • 11:48 UTC 🇬🇧 UK Mirror

No £241 DWP New State Pension boost for these three groups

Certain groups will not receive the full £241.30 weekly boost of the New State Pension starting from April 6 due to eligibility criteria.

The New State Pension in the UK is set to increase to £241.30 per week starting April 6, reflecting an annual rise of 4.8%. While this increase offers a boost to many pensioners, it highlights significant eligibility issues for certain groups who may not qualify for the full payment. The Basic State Pension will also rise but at a slightly lower rate, indicating a larger overall increase in pensioner income for many.

However, the article identifies three specific groups at risk of missing out on this comprehensive support. First, individuals who have not accumulated enough qualifying National Insurance years may see their pensions significantly reduced, impacting their financial security in retirement. Secondly, those who were 'contracted out' of the Additional State Pension prior to 2016 will also be affected, as this can decrease their entitlement to the New State Pension. Lastly, British citizens who moved abroad during their retirement could face limitations on their pension benefits, leaving them with potentially reduced payments compared to their counterparts who remain in the UK.

This situation raises critical questions about the fairness and adequacy of the pension system, as it seems to leave several vulnerable groups without the financial support they might expect in their retirement years. As the DWP implements these new changes, it will be crucial for affected individuals to understand their rights and options available to them to address any potential shortfalls in their retirement income.

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