The UK State Pension is worth up to £815 every four-week pay period.
Newly updated figures show that during the ongoing cost of living crisis, people in the UK claiming their State Pension entitlement only just break even despite a record-breaking increase to weekly payment rates in April. The research, conducted by pension advisors Almond Financial, looked at the State Pension in comparison to the average cost of living in the UK.
Spain is the most cost-effective country to live in, providing pensioners with a monthly state-funded income of just over £2,287, which helps to pay for cost of living expenses averaging £561. Top Money Stories Today Based on the findings in the index, pensioners in Luxembourg receive an impressive £3,050.57 each month. The full New State Pension in the UK is worth up to £815.40, however it is paid every four weeks but in relation to the data it is still considerably lower than several other countries in Europe.
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