State pension and other benefits for 2014/15

by Tax Faculty Team on 14.01.2014 07:12

New rates will apply from April 2014 

The government announced the proposed benefit and pension rates for 2014/15 in December 2013. 

The basic state pension for 2014/15 will be £113.10. The list also covers statutory payments (sick pay, maternity pay etc) and universal credit.  

Most increases will take place in the first full week of the tax year, ie the week beginning 7 April 2014.