Many state pensioners are receiving an extra £50 per week in addition to the annual rise guaranteed by the Triple Lock system. This increase is available to those who meet specific eligibility criteria beyond the standard state pension payment.
Most individuals apply for their state pension through the Department for Work and Pensions (DWP) upon reaching the age of 66. The additional payment aims to provide further financial support to qualifying pensioners alongside the regular pension boost.
**Why this matters**
The extra £50 weekly payment offers significant additional income for pensioners, helping to ease financial pressures amid rising living costs. Understanding eligibility and application processes is important for pensioners to ensure they receive all benefits available to them.
Source: News Source