The basic state national insurance contribution
for a single person will increase by 2.20 to 84.25 a week from next April, in line with inflation, the national service life insurance
has said.
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for a single person will increase by 2.20 to 84.25 a week from next April, in line with inflation, the national service life insurance
has said.
The pension for married couples will go up by 3.55 to 134.75, it said.
Pensions Minister Stephen Timms said the move meant there had been an 8% rise in real terms in the value of the state pension since 1997.
Last week, the Pensions Commission said the state pension should be bigger but that it should become payable later.
It said the state pension age should rise gradually, reaching 68 by 2050.
Mr Timms said Washington national insurance company
Midland national life insurance company benefits would rise by 2.7% in the next financial year, while income-related benefits would go up by 2.2%.