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State pension poised to jump by £560
- 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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Total News Sources55
Leaning Left5Leaning Right3Center30Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
13%
C 79%
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