Pensioners are set to receive a pay rise of 3.1 per cent in April 2022 which could represent a boost of up to £288.60 for the year.

This was confirmed by the Office of National Statistics (ONS), who revealed that CPI inflation was at that level, which was still down slightly from 3.2 per cent in August.

The pension scheme is protected by 'double lock' which means that next April it would increase by either September’s rate of inflation or a guaranteed minimum of 2.5 per cent.

Whatever figure was higher would have been the one picked.

This is due to the 'triple lock' system that is usually in place being suspended for the year following high earnings growth after the coronavirus pandemic.

How much will pensioners get in 2022?

According to Which? pensioners who are entitled to the full new single-tier state pension will get £185.15 a week from 6 April 2022, up from £179.60.

The change means pensioners will be up to £288.60 better off by the end of the 2022-23 tax year, taking their total income to £9,627.80.

Pensioners that reached state pension age before April 2016 and receive the basic state pension will see their weekly pension payments rise from £137.60 to £141.85 next year.

This amounts to a £221 pay rise in 2022-23, with income rising to £7,376.20 a year.