The new tax year kicks off today (April 6) which means a swathe of money changes will take effect.

As of April 6, inflation-linked benefits, including , (PIP) and , will be uplifted by 1.7%, while the will rise by 4.1%, in line with the annual increase in the Average Weekly Earnings index for May to July 2024. As the State Pension system is split into two schemes - basic and new - the amount your pension payments will increase from April 6 depends on when you retired.

The government said more than 12 million pensioners will benefit from the new rates, with those who get the full new State Pension getting up to £470 extra per year, while the full basic State Pension will be worth £360 extra annually.

While many benefits are increasing from April 6, there are several remaining frozen at their current rates, so claimants won't get any extra cash. This includes the higher income tax band rate which is staying fixed at £50,270 for the 2025/26 tax year and the standard threshold which is staying at £12,570.

Several other money changes will take effect from Monday, April 7, including uplifts to some benefits paid by His Majesty's Revenue and Customs (HMRC) and the price of stamps will also go up on this date.

These payment changes come following a string of price hikes at the start of the month, with the likes of energy bills, water bills, Council Tax and car tax, among others, all going up.

Listed are seven major money changes hitting bank accounts from Sunday, April 6.

Inflation-linked benefits and tax credits are rising by 1.7% from April 6, 2025, in line with the Consumer Prices Index (CPI) rate of inflation in September 2024. The uplift applies to working age benefits which includes Universal Credit, Personal Independence Payment (PIP), Attendance Allowance, and Employment and Support Allowance (ESA) among others.

The basic and new State Pensions are being uprated by 4.1%, in line with the annual increase in the average weekly earnings index for May to July 2024.

Men born before April 6, 1951, and women born before April 6, 1953, receive the basic State Pension and will see their pensions increase by 4.1%, with the full rate rising from £169.50 per week to £176.45 - a weekly increase of £6.95.

Those claiming the new State Pension will also see their payments increase by 4.1% from April 6, with the full rate rising from £221.20 per week to £230.25.

The standard minimum guarantee for Pension Credit is rising by 4.1% from April 6. The benefit provides extra money to those over State Pension age and on a low income to help with living costs.

As of April 6, the single weekly rate is rising from £218.15 to £227.10, while the joint weekly rate is rising from £332.95 to £364.60. So those getting the single rate will get £8.95 extra per week, while those on the joint rate will get £31.65 extra per week.

Over the course of a year, this will provide those who are single with £465.40 more annually, while couples will be £1,645.80 better off per year.

Child Benefit rates will increase by 1.7% from April 7, taking the eldest or only child payment up from £25.60 per week to £26.05, while the rate for any additional children will go up from £16.95 to £17.25.

It means that parents with one child can get £1,354.60 per year on the new rate, while parents with two children can get £2,251.60, and parents with three children can get £3,148.60.

Guardian's Allowance is going up by 1.7% and you can claim this if you're responsible for bringing up a child whose parents have died. You may also be eligible if there's one surviving parent.

From April 7, the rate is rising to £22.10 per week (an extra 35p) taking the annual rate up to £1,149.20 (an extra £18.20 per year).

Stamp prices are rising on April 7 in what will be the sixth price hike by Royal Mail in three years. The cost of a first-class stamp is going up by 5p to £1.70, and second-class stamps are going up by 2p to 87p.