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Some 13 million people over State Pension age will find out how much their regular payments will rise next April over a month before Chancellor Rachel Reeves confirms the annual uprating during the Autumn Budget in Parliament on November 26. The Labour Government has committed to honouring the Triple Lock and the final measure that makes up the policy is due to be published by the Office for National Statistics (ONS) on Wednesday, October 22. ‌

Under the Triple Lock the New and Basic State Pensions increase each year in-line with whichever is the highest between the average annual earnings growth from May to July (4.7%), Consumer Price Index (CPI) inflation rate in the year to September, or 2.5 per cent. Additional State Pension elements and deferred State Pensions rise ea

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