State Pension set to rise more than expected
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The State Pension will rise more than previously expected next year after new figures from the ONS, published today, show it has revised average earnings growth for May-July from 4.7% to 4.8%.
The State Pension rises each year through the triple lock mechanism, which sees it rise by the highest of: May-July’s wage growth, September’s inflation data, or 2.5%.
May-July’s wage figures have trumped the other factors this year, meaning wage growth will be used to increase the State Pension from April 2026.
The new figures show the New State Pension will now rise by £574.60 a year, up from the previous estimate of around £562. That will take the New State Pension to £12,534.60 a year. The Basic/Old State Pension will rise to £9,614.80.
| 2025/26 | 2026/27 | 2025/26 | 2026/27 | ||||
| £pw | £pw | increase | £pa | £pa | increase | ||
| Basic state pension | £176.45 | £184.90 | £8.45 | £9,175.40 | £9,614.80 | £439.40 | |
| New state pension | £230.25 | £241.30 | £11.05 | £11,973.00 | £12,547.60 | £574.60 |
Source: LCP
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