The Secretary of State for Work and Pensions is required to review the level of benefits and State Pensions each year. This briefing sets out the main benefit, pension and tax credit rates that have been announced for the 2024/25 financial year. Inflation-linked benefits and tax credits will rise by 6.7% from April 2024, in line with the Consumer Prices Index (CPI) rate of inflation in September 2023. The basic and new State Pensions will be uprated by 8.5% from April 2024, in
line with the Average Weekly Earnings (AWE) index from May to July 2023.