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flag UK pensioners to receive an average £470 increase in state pension payments starting April.

flag UK pensioners will see their payments increase by £470 in April, as part of the government's commitment to the triple lock, which ensures pensions rise by the highest of average earnings, inflation, or 2.5%. flag The new state pension will rise to £230.30 weekly, while the older basic state pension will increase to £176.45 weekly. flag The Chancellor also announced a 4.1% increase in Pension Credit, raising the standard minimum guarantee from around £11,400 to £11,850 for a single pensioner. flag The Department for Work and Pensions will notify 12.9 million pensioners before the April 7th increase.

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