The state pension increases every April in line with whichever is the highest of earnings growth in between May to July, inflation in September, or 2.5%

The exact amount the state pension will rise by next year has been confirmed by Rachel Reeves in her Autumn Budget .

The state pension will increase by 4.8% from next April, which equates to almost £575 extra a year for millions of older Brits. The state pension rises every year in line with the triple lock.

This guarantees the state pension increases every April in line with whichever is the highest of earnings growth in between May to July, inflation in September, or 2.5%.

Wage growth for May to July was the highest at 4.8%, so this is the figure that is being used for the state pension increase.

In the Budget today, the Chanc

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