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Full rate, plus

A friend will get his state pension after April 2025 when he turns 66 and I said he should get the full rate of £230.25 per week. He has just received a forecast letter from HMRC showing over £260 weekly. He obviously does not want to ask too many questions, but what could be the reason for the higher rate?

Comments

  • molerat
    molerat Posts: 33,471 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 January at 1:40PM
    When the new pension was introduced in 2016 he was already over the full new pension amount under the old rules. Nothing he has done has added to the pension since 2016 apart from the annual inflationary increases at triple lock on the full new pension amount and CPI on the additional protected payment amount. £260 at 25-26 rate equates to around £119.30 basic and £58.53 S2P which converted to £155.65 new pension and £22.18 protected payment at April 2016.
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