State pensioners urged to do £4,000 DWP check ahead of triple lock increase

State pensioners are being advised to review their finances and check their eligibility for support ahead of an upcoming triple lock increase to their payments. The triple lock is expected to raise the full new state pension by 4.8 percent next year, potentially increasing annual income by over £1,000. However, with rising energy costs and inflation impacting living expenses, pensioners are facing financial pressure. Experts recommend that state pensioners regularly review all income and outgoings, check for any additional benefits they may be entitled to, and seek assistance if they are struggling. A significant source of underclaimed support is Pension Credit, a benefit that tops up income and is worth an average of £3,900 per year for those who claim it. Despite concerns about the affordability of the triple lock, it is highly likely to be confirmed in the upcoming Budget, as the government has consistently committed to it. Alongside this, a new Pensions Commission will review both state and private pensions, ... download the app to read more