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State pension poised to jump by £560
The triple lock policy will raise UK state pensions by 4.7%, adding over £500 annually for nearly 13 million pensioners, based on latest wage growth data from the Office for National Statistics.
- The UK state pension will rise by 4.7% from April 2026, increasing the full new state pension to about £12,535 annually.
- This rise follows the triple lock mechanism, introduced in 2011, which adjusts pensions by the highest of earnings growth, inflation, or 2.5%.
- Pension increases depend on qualifying National Insurance years, and many pensioners also receive income from workplace or personal pensions.
- The 4.7% increase of £561.60 annually brings many pensioners close to the frozen £12,570 tax threshold, risking new income tax liabilities by 2027.
- The rise will put additional pressure on government finances as the triple lock's cost is projected to triple by 2030, raising questions about its long-term sustainability.
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Leaning Left4Leaning Right3Center22Last UpdatedBias Distribution76% Center
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76% Center
14%
C 76%
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