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State pensions are set to rise by £575 a year, it has been confirmed by Chancellor Rachel Reeves today as she delivered her second Autumn Budget . Pensions will increase in April in line with the average earnings growth figure for May to July 2025.

State Pensions increase each April and the amount they go up by is worked out by the triple lock - a mechanism used to ensure the payment rates rise each year in line with whichever is higher out of inflation, earnings or 2.5%. This is to prevent the value of pensions being reduced by cost of living pressures.

The exact amount that state pensions are set to rise by next year was confirmed following the release of the latest inflation data by the Office for National Statistics.

UK inflation remained unchanged at 3.8% in Septe

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