A substantial £575 state pension boost has been announced in the Labour Party Spring Statement. Papers released by ministers on Tuesday set out how much the Government intends to allocate for the state pension through to 2030/31. The new state pension will rise by 4.8% from April thanks to the triple lock mechanism. This will push the maximum annual amount to £12,548, or £241.30 weekly, the Department for Work and Pensions - or DWP - has confirmed. Anyone receiving the full new state pension ,