Rachel Reeves confirmed a rise in benefit and pension payments(Image: BBC)

Benefits to rise after Budget 2024 as new Universal Credit, PIP and pension sums announced

by · Wales Online

Rachel Reeves has confirmed benefits and pensions will rise for claimants across the country. The Chancellor made the announcement as she delivered Labour's first Budget in nearly 15 years.

An increase of 1.7% has been brought in for benefits across the board, which is in line with the consumer price index (CPI) measure of inflation from September 2024. This means recipients of support such as Universal Credit will get higher payments from April 2025.

The Chancellor also said she was reaffirming the government's committment to the so-called triple lock on state pensions. That means state pension payments will rise by 4.1 per cent.

The Chancellor highlighted that the rise will benefit more than 12 million pensioners from next year. Ms Reeves said: “This commitment means that while working-age benefits will be uprated in line with CPI at 1.7%, the basic and new state pension will be uprated by 4.1% in 2025-26.

“This means that over 12 million pensioners will gain up to £470 next year.” She added: “The pension credit standard minimum guarantee will also rise by 4.1% from around £11,400 per year to around £11,850 for a single pensioner.”

Read below for a full breakdown on all the new benefit and pension rates.

Universal Credit

  • Under 25s (single) from £311.68 to £316.98
  • Under 25s (joint claim) from £489.23 to £497.55
  • Over 25s (single) from £393.45 to £400.14
  • Over 25s (joint claim) from £617.60 to £628.099

Personal independence payment (PIP)

Daily living component

  • from £108.55 to £110.40 (enhanced)
  • from £72.65 to £73.89 (standard)

Mobility component

  • from £75.75 to £77.04 (enhanced)
  • from £28.70 to £29.19 (sandard)

Employment Support Allowance

  • Under 25s (single) from £71.70 to £72.92
  • Over 25s (single) from £90.50 to £92.04
  • Lone parent (under 18) from £71.70 to £72.92
  • Lone parent (18+) from £90.50 to £92.04

Attendance Allowance

Higher rate:

  • from £108.55 to £110.40

Lower rate

  • from £72.65 to £73.89

State pension

New state pension

  • full rate from £221.20 a week to £230.27

Old state pension

  • from £169.50 to £176.45

Pension credit

Single

  • from £218.15 a week to £221.86 per week

Couples

  • £332.95 to £338.61 per week

Disability living allowance (DLA)

  • Highest rate from £108.55 to £110.40
  • Middle rate from £72.65 to £73.89
  • Lowest rate from £28.70 to £29.19

Carer's Allowance

  • From £81.90 to £83.29 per week

Child benefit

  • Eldest or only child from £25.60 to £26.04 per week
  • Each additional child £16.95 to £17.24 per week

New-style jobseeker's Allowance

  • Under 25s rom £71.70 to £72.92 per week
  • Over 25s from £90.50 to £92.04 per week

Statutory sick pay

  • From £116.75 to £118.73 per week

Maternity, paternity, adoption and shared parental pay

  • From £184.03 to £187.16

Maternity allowance

  • From £184.03 a week to £187.16 per week