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<p>Following the conclusion of the Secretary of State’s annual up-rating review, subject
to Parliamentary approval, the Standard Minimum Guarantee in Pension Credit will increase
by 10.1% from April 2023. This is in line with the increase in prices in the year
to September 2022 and it will also extend CPI protection to those who rely on the
Standard Minimum Guarantee in Pension Credit at a cost of £700 million above the statutory
minimum requirement.</p><p>Other elements of Pension Credit will also increase by
10.1%, including the additional amounts for disabled people and carers, and the threshold
for access to the Savings Credit for those who reached State Pension age before April
2016.</p>
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