January 2025 payment dates for benefits and pensions as DWP to launch PIP consultation

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many had hoped that the figure would sink back below the Bank of England’s 2 per cent target as it did in September, with living costs greatly outpacing wage growth over the past few years. In October, Labour unveiled its first Budget in power with Rachel Reeves promising to “support people with the cost of living.” The chancellor confirmed that the national living wage would rise by 6.7 per cent next year, while the state pension will be uprated by 4.1 per cent, and benefits by 1.7 per cent. These are: Universal Credit State pension Pension credit Child benefit Disability living allowance Personal independence payment Attendance allowance Carer’s allowance Employment support allowance Income support Jobseeker’s allowance However, all benefits set to be paid on New Years’ Day will instead be paid the day before, on New Years’ Eve. Ofgem’s energy price cap has risen from £1,717 to £1,738 for January to March – an increase of 1.2 per cent.