Title page
Contents
Summary 4
1. Uprating policy 6
1.1. Department for Work and Pensions benefits 6
1.2. HMRC Tax Credits and Child Benefit 7
1.3. Inflation and earnings indices 8
2. State Pension and Pension Credit 10
2.1. State Pension 10
Pensions in 2024/25 10
Additional State Pension (the old system) 11
Protected payments (the new system) 12
2.2. Pension Credit 12
3. Universal Credit 16
UC amounts and their legacy equivalents 16
UC amounts and temporary increases 17
Work allowances 17
Childcare costs amount 18
4. Other benefits 20
4.1. Disability and carers' benefits 20
4.2. Child Benefit 20
4.3. Household benefit cap 21
5. Tax Credits 24
6. The real value of benefits over time 27
7. Previous editions of the benefits uprating series 29
Table 1a. Basic and New State Pension 11
Table 1b. Pension Credit standard minimum guarantee 13
Table 2. State Pension and Pension Credit 15
Table 3. Universal Credit rate changes (series excludes uplift payments in 2020/21 and 2021/22) 19
Table 4a. Disability and carers' benefits, child and parental benefits 22
Table 4b. Key out-of-work benefits for working age claimants 23
Table 5. HMRC Child and Working Tax Credits rates and thresholds 26