Upcoming benefit allowance increases will apply to those in Northern Ireland in receipt of certain payments, it has been confirmed.
The increase will apply to inflation-linked benefits and tax credits, and will rise by 10.1% from April 2023. It's in line with the Consumer Prices Index (CPI) rate of inflation in September 2022.
Basic and new State Pensions will be uprated in line with CPI inflation in 2023/24, "following the restoration of the pensions ‘triple lock’ which had been suspended in 2022/23".
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In 2023/24 Universal Credit standard allowances will increase as follows:
- From £265.31 to £292.11 for single persons aged under 25
- From £334.91 to £368.74 for single persons aged 25 and over
- From £416.45 to £458.51 for joint claimants both aged under 25
- From £525.72 to £578.82 for joint claimants both aged 25 and over
The full rates for 2023/24 pensions will be:
- £203.85 per week for the new State Pension (for those reaching State Pension age on or after 6 April 2016) – up from £185.15 in 2022/23.
- £156.20 per week for the basic State Pension (the core amount in the old State Pension system) – up from £141.85 in 2022/23.
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