State pension to rise by £575 in 2026–27 due to 4.8% increase

State Pension to Rise by £575 in 2026–27

State pension payments are expected to increase by around 4.8% during the 2026–27 financial year. This adjustment will provide millions of pensioners with a boost that exceeds the projected rate of inflation.

How Much Will the Pension Increase?

Based on current forecasts, the annual rise translates to an average increase of about £575. The adjustment follows the government’s “triple lock” policy, which guarantees that pensions rise by the highest of three factors: inflation, average earnings growth, or 2.5%.

The Triple Lock Mechanism

The triple lock ensures stability and protection against wage or price stagnation:

If inflation rises faster than wages, pensions grow with inflation.
If wages increase more rapidly, pensions match earnings growth.
If both remain low, a minimum 2.5% increase applies.

This mechanism aims to safeguard the real-term value of the state pension, maintaining living standards for retirees.

Context and Implications

The latest increase comes after several years of high inflation and slower wage growth, which have placed financial pressure on older citizens. With this rise, pensions are expected to stay ahead of inflation, offering some relief for those reliant on state support.

“This uplift is part of the government’s continued commitment to the triple lock and protecting pensioners’ incomes.”

Author’s summary: The UK state pension will rise by about £575 in 2026–27, reflecting a 4.8% increase under the triple lock guarantee to shield retirees from inflation and maintain income growth.

which.co.uk — 2025-11-25