2023/24 statutory payments released in benefits and pensions document

24 November 2022

One of the big announcements from the Autumn Statement was that the pensions triple lock will be honoured. Meaning that state pension rates will rise with the September figure for inflation, 10.1%.

The Department for Work and Pensions (DWP) has released the benefits and pension rate document detailing the rates currently known for 2022/23 and 2023/24. This confirms state pension at £203.85 for 2023/24.

Also included in the document are the statutory payment amounts for next tax year.

Statutory maternity, paternity, adoption, shared parental and parental bereavement pay will all be set at £172.48 per week and statutory sick pay will be set at £109.40 per week.

The document has details on a raft of other benefits and allowances.

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