{"id":221,"date":"2025-09-23T13:45:05","date_gmt":"2025-09-23T12:45:05","guid":{"rendered":"https:\/\/www.ecoportal.net\/uk\/?p=221"},"modified":"2025-09-23T13:45:30","modified_gmt":"2025-09-23T12:45:30","slug":"pensioners-uk-will-soon-get-a-boost","status":"publish","type":"post","link":"https:\/\/www.ecoportal.net\/uk\/pensioners-uk-will-soon-get-a-boost\/221\/","title":{"rendered":"Millions of pensioners in the UK will soon get a boost \u2014 Here’s the increase and the start date"},"content":{"rendered":"

New changes are in store for pensioners<\/strong>, with a date set for everything to now change. As of 2023, nearly one-fifth of the United Kingdom (UK) population is made up of individuals aged 65 and above. Over the next ten years, the number of pensioners in the UK is expected to increase by 14%, rising from just over 12.5 million individuals to just under 14.5 million by 2035. To cope with this expected increase in pensioners, changes are coming regarding the eligibility age at which you can begin to claim your benefits.<\/p>\n

Pensioners make up one-fifth of the UK population<\/h2>\n

As life expectancy begins to increase, pensioners and the elderly population in general continue to rise in number. However, the pensioner population in the UK faces significant hardships. Approximately 17% of pensioners in the UK are in what is referred to as relative poverty (after housing costs). Relative poverty refers to a state in the UK where your income is below 60% of the national poverty line. Over one million pensioners are in what is referred to as deep poverty, which is a state defined by someone living on less than 50% of the median national household income. Additionally, approximately 600,000 pensioners are in what is referred to as very deep poverty, which is when you live on less than 40% of the nation’s median household income.<\/p>\n

While pensioners are more likely to own their own home as opposed to today’s working population, with approximately three-quarters of pensioners in the UK owning their homes, pensioners who do face rental costs are much more likely to also be experiencing poverty. Statistics suggest that 34% of pensioners who rent<\/strong> also live in poverty circumstances.<\/p>\n

This year, one in three pensioners reported that they felt less secure going into this year than they did last year. Pensioners are considered a vulnerable population, with over half of this population who are considered low-income reportedly struggling to stay on top of their expenses, particularly credit expenses.<\/p>\n

New changes coming soon for pensioners<\/h2>\n

According to the UK Government’s statement<\/span><\/a>,\u00a0the set pension is set to rise by 4.7%<\/strong> from April next year under the triple lock. This would result in the following increases for pensioners:<\/p>\n