New state pension rates confirmed for next year could mean that some retirees will get lower payments than others. The UK has two types of state pensions: the basic state pension and the new state pension . Those who retired before April 2016 are still on the older plan, and those on the full rate of this plan will see a £440 increase to their state pension next spring.

However, those who retired later and are on the new state pension will get a £575 boost, marking a £135 difference. The new plan is already worth approximately £3,000 more than the older version, and its annual increase exceeds that of the old version under the triple lock .

State pension update over 'wealth test' to replace triple lock

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