Pension boost ahead: what you can expect

Age Pensioners, and others receiving government support, will see their payments increase on 20 March to keep up with inflation.

Payments are indexed twice a year, in March and September, to take into account movements in the higher of two inflation measures: the Consumer Price Index (CPI) and the Pensioner and Beneficiary Living Cost Index (PBLCI).

This amount is then further increased if it falls below a proportion of a measure of wages.