New pension rates have been confirmed for 2026/27, but some retirees will get lower regular payments than others.

There are two types of state pension in the UK, the old basic version and the new full state pension.

Older people who retired before April 2016 are still on the older version.

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These claimants have been told they will get a £440 rise to their state pension from next April.

But younger retirees on the new pension will get a £575 uplift - £135 more.

The new pension is already worth around £3,000 more a year than the older version.

And the new version increases by more than the old one each year under the triple lock.

But it doesn't

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