The state pension will rise by 4.8 per cent next April after September’s inflation figure was confirmed as 3.8 per cent on Wednesday.
Under the triple lock mechanism, the state pension increases every April by whatever is the highest – the previous September’s inflation figure, annual earnings growth or 2.5 per cent.
The earnings growth figure was confirmed as 4.8 per cent earlier this month, and this is now set to be the relevant figure because September’s inflation number is lower.
The Government has committed to honouring the triple lock until at least 2029, and will confirm the figure at next month’s Budget.
It means the full ‘new’ state pension should increase from £230.25 per week to £241.30 per week in April 2026.
This is a rise of £574.60 a year to £12,547.60.
The full basic